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$450,000
Ottawa
2601 Regional Road 174 Road, Ottawa, Ontario, K4C1R2
This 2-bedroom, 2-bathroom home in Ottawa is for sale offering roughly 900 sq ft of space. Listed at $450,000, it is attractively priced about 40% below the $749,900 median asking price in Ottawa.
This unique property offers water access to the Ottawa River and presents an exceptional opportunity for buyers seeking redevelopment or long-term investment potential. Situated on a desirable parcel of land, the true value lies in the lot and its future possibilities. The existing structure is being sold strictly as-is, where-is, with no representations or warranties. The home is currently under construction and requires significant work. Notable conditions include no active heating system, the need for an electrical panel upgrade to support an electric furnace, and visible signs of mold in the attic and far-left bedroom. Due to the condition of the property, health and safety precautions are mandatory. All showing agents must have their clients sign and submit Form 299 prior to confirming any showing. Buyers and their agents are strongly advised to wear appropriate protective clothing, including masks. Entry is entirely at your own risk. This is a rare opportunity for builders, contractors, or investors to secure a property with strong development potential in a sought-after location with access to one of the region's most iconic waterways. Water access only. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 235 days on market, against an average age of 62 days across the listings currently for sale in this city
This 2-bed single family 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 $450,000, about 3.1× the local median household income of $143,000.
Carrying it typically needs a household income of about $87,901 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
Source: Statistics Canada, 2021 Census (FSA K4C)
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Loading rates, 30-yr amortization
Cash Needed to Close
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