This lot in Ottawa is for sale.

Description

Opportunity alert for developers and investors, don't miss out on this lucrative prospect! A proposed 2x24 units.Discover this spacious 3 bedroom bungalow situated on a 1.411-acre lot (119.70' frontage x 528.59' depth) in the heart of Orléans on Old Montreal Road. Located on the south end of the desirable Spring Ridge neighbourhood, the property is just a short walk to the Light Rail Transit at Trim Road. It borders newer residential developments and sits directly across from planned commercial amenities including shops and restaurants. A fantastic opportunity for development in a thriving area. 24-hour irrevocable on all offers (id:66096)

Property Details

MLS®: X12748760
Property Type: Vacant Land
Zoning: DR
Interior Size: 0 ft²
Lot Size: 120 × 529 ft (1.45 acres)
Frontage: 120 ft
Property Tax: $7,081/yr
Listed: 275 days ago

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

275d

Ottawa listings, avg age

63d

List price

$1.70M

Haho

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Listed by ROYAL LEPAGE PERFORMANCE REALTY · JC Hitimana

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K4A)

This home lists at $1,699,000, about 13.3× the local median household income of $128,000.

Carrying it typically needs a household income of about $331,874 (20% down, 25-yr amortization, stress-tested) — roughly 159% above the area median.

Median household income: $128,000
Population: 62,125
Median age: 38.4
Owner / renter: 87% / 14%
Avg. household size: 2.9

Source: Statistics Canada, 2021 Census (FSA K4A)

$1,699,000

For sale

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Financing

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1016 Old Montreal Road, Ottawa - Vacant Land for Sale