290 BOOTH Street, Ottawa, Ontario, K1R7J7




$3,000,000
Ottawa
This lot in Ottawa is for sale offering roughly 9,827 sq ft of space.
Exceptional development opportunity offering outstanding redevelopment potential in the heart of Ottawa. This 9,827 sq. ft. corner lot is zoned Traditional Mainstreet (TM), permitting a wide range of commercial and residential uses. Historical planning work for the property included a proposed 7-storey mixed-use development featuring commercial space at grade with residential units above, together with a previously approved minor variance permitting a building height of 21.9 metres. Supporting planning, environmental, geotechnical, and engineering reports are available for review, providing purchasers with valuable background information as they evaluate the site's future development potential. Strategically located at the prominent intersection of Booth Street and Somerset Street West, the property is just minutes from Little Italy, Hintonburg, LeBreton Flats, and Downtown Ottawa, and only a short walk to the Pimisi LRT Station. Surrounded by significant residential intensification, employment, restaurants, and amenities, this is a prime opportunity to acquire a high-profile urban development site in one of Ottawa's most desirable growth corridors. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 132 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 $3,000,000, about 40.5× the local median household income of $74,000.
Carrying it typically needs a household income of about $586,005 (20% down, 25-yr amortization, stress-tested) — roughly 692% above the area median.
Source: Statistics Canada, 2021 Census (FSA K1R)
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