This lot in Ottawa is for sale offering roughly 5,000 sq ft of space. It has been on the market 54 days, fresher than the Ottawa average of 62 days.

Description

CALLING ALL INVESTORS and DEVELOPERS!! Permit Ready 12 Unit Build ready to go! Take advantage of plans already in place and a property ready to be demolished. Use MLI Select financing for this 12 Unit Building, with over 330K gross revenue per year. This is in a spectacular location to maximize possible rental income. LRT, shops, parks and recreation nearby, public transit, etc. This would be a great property in an unbeatable location to add to your portfolio. (id:66096)

Property Details

MLS®: X13774194
Property Type: Vacant Land
Zoning: N4B
Interior Size: 5,000 ft²
Lot Size: 50 × 98 ft (4,922 sq ft)
Frontage: 50 ft
Property Tax: $7,500/yr
Listed: 54 days ago

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

54d

Ottawa listings, avg age

62d

Price / ft²

$259

List price

$1.29M

Haho

This vacant land in Ottawa has been listed for 54 days, which is 8 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 (K1Y)

This home lists at $1,295,000, about 13.1× the local median household income of $99,000.

Carrying it typically needs a household income of about $252,959 (20% down, 25-yr amortization, stress-tested) — roughly 156% 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)

$1,295,000· $259/ft²

For sale

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Financing

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161 Hinchey Avenue, Ottawa - Vacant Land for Sale