$1,149,900

$1,199,000For salePrice drop↓ $49,100 (4%)

11 Sherbrooke Avenue, Ottawa - Vacant Land for Sale

11 Sherbrooke Avenue, Ottawa, Ontario, K1Y1R8

0 baths2,250 ft²66 × 87 ft (5,742 sq ft) lotListed 57 days ago

Overview

This lot in Ottawa is for sale offering roughly 2,250 sq ft of space. It has been on the market 57 days, fresher than the Ottawa average of 63 days.

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Description

Prime Development Opportunity in the Heart of Hintonburg. This oversized 66 x 86.96 ft lot is ideally located just steps from Wellington Street, placing future development within walking distance to transit, restaurants, cafés, and boutique retail in vibrant Hintonburg. Zoned R4 / N4B H(11), the property offers many strong potential options: multi-unit (12plex), two 5-units, 3 triplexes, residential development (3 singles or duplexes). Permit ready plans for 3 singles included with sale! Builder can be contracted to build to suit. With a lot of this size in such a high-demand urban location, opportunities are increasingly scarce. The property is currently improved with a duplex, providing holding income while plans and approvals are pursued. Both units are tenanted on a month-to-month basis, allowing flexibility for future redevelopment. Severance potential may also be explored, subject to municipal approvals. Whether you're a builder, developer, or long-term investor, this is a strategic acquisition in a neighbourhood known for intensification and strong end-user demand. (id:66096)

Property Details

MLS®: X13757236
Property Type: Vacant Land
Zoning: N4B H(11)
Bathrooms: 0
Interior Size: 2,250 ft²
Lot Size: 66 × 87 ft (5,742 sq ft)
Frontage: 66 ft
Property Tax: $7,878/yr
Listed: 57 days ago

Features

Appliances: Dryer, Two stoves, Two Washers, Two Refrigerators

Services

Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

57d

Ottawa listings, avg age

63d

Price / ft²

$511

List price

$1.15M

Haho

This vacant land in Ottawa has been listed for 57 days, which is 6 days fresher than the city average of 63. Act while there is still low competition.

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Listed by ROYAL LEPAGE TEAM REALTY · Adam Ricci

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K1Y)

This home lists at $1,149,900, about 11.6× the local median household income of $99,000.

Carrying it typically needs a household income of about $224,616 (20% down, 25-yr amortization, stress-tested) — roughly 127% above the area median.

Median household income: $99,000
Population: 20,712
Median age: 40
Owner / renter: 51% / 49%
Avg. household size: 2

Source: Statistics Canada, 2021 Census (FSA K1Y)

$1,149,900· $511/ft²

For sale

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Financing

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