50 × 99 ft (4,950 sq ft) lot

Overview

This lot in Ottawa is for sale. It has been on the market 0 days, fresher than the Ottawa average of 62 days.

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Description

INVESTORS, DEVELOPERS & BUILDERS - Rare opportunity in Ottawa's sought-after Carlington neighbourhood. Situated on a spacious 50 x 99 ft lot, this property offers exceptional redevelopment potential in a central, well-connected location. The existing building has been demolished, so take advantage and speed up application for MLI select financing. Plans are already in place for a proposed 6-10 unit development, offering investors and developers an opportunity to take advantage of the area's strong rental demand and explore significant income-generating potential. Possibility of 12 units being built as well. Whether you're looking to develop a multi-unit investment property, build your next project, or secure a premium lot for a custom home, the possibilities here are worth exploring. Convenient access to shopping, restaurants, parks, public transit, and major transportation routes. Bring your vision and take advantage of this exciting development opportunity! (id:66096)

Property Details

MLS®: X14153904
Property Type: Vacant Land
Zoning: R1PP - Residential
Bathrooms: 0
Parking: 0
Lot Size: 50 × 99 ft (4,950 sq ft)
Frontage: 50 ft
Property Tax: $2,500/yr
Listed: Today

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Ottawa listings, avg age

62d

List price

$770K

Haho

This vacant land in Ottawa has been listed for 0 days, which is 62 days fresher than the city average of 62. Act while there is still low competition.

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Listed by COLDWELL BANKER SARAZEN REALTY · Kenneth Tripp

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K1Z)

This home lists at $769,900, about 10.0× the local median household income of $77,000.

Carrying it typically needs a household income of about $150,388 (20% down, 25-yr amortization, stress-tested) — roughly 95% above the area median.

Median household income: $77,000
Population: 22,714
Median age: 38.4
Owner / renter: 37% / 63%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA K1Z)

$769,900

For sale

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Financing

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1352 RAVEN Avenue, Ottawa - Vacant Land for Sale