1022 Maitland Avenue, Ottawa - Vacant Land for Sale

1022 Maitland Avenue, Ottawa, Ontario, K2C2B6

50 × 124 ft (6,190 sq ft) lotListed 5 days ago

Overview

This lot in Ottawa is for sale. It has been on the market 5 days, fresher than the Ottawa average of 62 days.

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Description

ATTENTION BUILDERS, DEVELOPERS & INVESTORS! Exceptional land value and redevelopment opportunity at 1022 Maitland Avenue! Featuring City-confirmed CM2 (Minor Corridor Zone 2) zoning, this approximately 50' x 123' property offers exciting possibilities for future development and intensification. Ideally situated in an established Ottawa neighbourhood, with convenient access to Highway 417, public transit, shopping, schools and everyday amenities. An attractive location to explore future residential or mixed-use development opportunities, subject to applicable zoning provisions and municipal approvals. The property is currently improved with a 3-bedroom bungalow featuring a finished lower level and generates $3,000 per month in all-inclusive rental income, providing income while future development plans are explored. A new survey may be provided with an offer. An opportunity to invest in the land, location and future potential! (id:66096)

Property Details

MLS®: X14131856
Property Type: Vacant Land
Zoning: CM2 - Minor Corridor Zone 2
Lot Size: 50 × 124 ft (6,190 sq ft)
Frontage: 50 ft
Property Tax: $4,350/yr
Listed: 5 days ago

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Ottawa listings, avg age

62d

List price

$800K

Haho

This vacant land in Ottawa has been listed for 5 days, which is 57 days fresher than the city average of 62. Act while there is still low competition.

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Listed by EXP REALTY · Todd Gingras

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K2C)

This home lists at $799,900, about 9.3× the local median household income of $86,000.

Carrying it typically needs a household income of about $156,248 (20% down, 25-yr amortization, stress-tested) — roughly 82% above the area median.

Median household income: $86,000
Population: 29,359
Median age: 38
Owner / renter: 55% / 45%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA K2C)

$799,900

For sale

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Financing

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