$900,000

For sale

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2831 Bank Street, Ottawa - Vacant Land for Sale

2831 Bank Street, Ottawa, Ontario, K1T1N2

0 baths900 ft²69 × 154 ft (10,631 sq ft) lotListed 8 days ago

$900,000· $1,000/ft²

For sale

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1779 QUEENSDALE Avenue, Ottawa, Ontario, K1T1J7

For saleJust listed

5 days ago

$379K

1779 QUEENSDALE Avenue, Ottawa, Ontario, K1T1J7

Lot 51 × 100 ft (5,118 sq ft)

Listed by REMAX BOARDWALK REALTY

$900,000

Ottawa

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Overview

This lot in Ottawa is for sale offering roughly 900 sq ft of space. It has been on the market 8 days, fresher than the Ottawa average of 62 days.

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Description

Development opportunity at 2831 Bank Street! This approximately 10,430 sq. ft. corner lot offers excellent exposure along a major Ottawa corridor. With new N4B zoning, the property presents exciting redevelopment potential, while the corner configuration provides added street frontage and flexibility for future site planning. The existing house is currently rented, providing rental income while you develop your plans and pursue approvals. A great opportunity for builders, developers and investors. (id:66096)

Property Details

MLS®: X14118428
Property Type: Vacant Land
Bathrooms: 0
Interior Size: 900 ft²
Lot Size: 69 × 154 ft (10,631 sq ft)
Frontage: 68 ft
Property Tax: $4,500/yr
Listed: 8 days ago

Services

Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Ottawa listings, avg age

62d

Price / ft²

$1,000

List price

$900K

Haho

This vacant land in Ottawa has been listed for 8 days, which is 54 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 · Mo Sleiman

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K1T)

This home lists at $900,000, about 8.4× the local median household income of $107,000.

Carrying it typically needs a household income of about $175,802 (20% down, 25-yr amortization, stress-tested) — roughly 64% above the area median.

Median household income: $107,000
Population: 40,054
Median age: 36
Owner / renter: 73% / 27%
Avg. household size: 2.9

Source: Statistics Canada, 2021 Census (FSA K1T)