



$759,000
Ottawa
255 St Denis Street, Ottawa, Ontario, K1L5J6
This lot in Ottawa is for sale offering roughly 3,250 sq ft of space.
Builders - contractors - Investors. Here is an opportunity to either build a new apartment building of up to 10 units or renovate the existing 6 unit apartment building. This building lot is zoned for up to a 10 unit apartment building. Present zoning is R4AU and new zoning is N3B. Lot size is 55 ft x 79 ft. The location is minutes to downtown, walk to trendy Beechwood Avenue. This is an excellent rental area. Presently there is a vacant 6 unit apartment building that is structurally sound however experienced a fire in the basement unit. The building could be repaired and brought back to operation. The building has 6 - 2 bedroom apartments all with laundry facilities. The new zoning will permit the construction of up to a 10 unit apartment building. The lot is serviced with hydro, gas, water and cable. Ideal for a builder interested in building a new apartment building or for a contractor to renovate the existing 6 unit apartment building. Survey is available upon request. The listing agent must be present to provide access to the apartment building. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 82 days on market, against an average age of 63 days across the listings currently for sale in this city
This vacant land in Ottawa is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $759,000, about 12.0× the local median household income of $63,200.
Carrying it typically needs a household income of about $148,259 (20% down, 25-yr amortization, stress-tested) — roughly 135% above the area median.
Source: Statistics Canada, 2021 Census (FSA K1L)
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