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$880,000
Ottawa
3 Tauvette Street East, Ottawa, Ontario, K1B3A1
This multi-family property in Ottawa is for sale offering roughly 18,000 sq ft of space. It has been on the market 11 days, fresher than the Ottawa average of 62 days.
BUILD YOUR NEXT INVESTMENT-SIX-UNIT DEVELOPMENT OPPORTUNITY! Offered at $880,000, this partially completed six-plex project presents an opportunity for a builder or investor to take over construction already underway. The purchase includes all architectural plans, engineering plans and reports, building permits and associated project documentation, providing a valuable head start toward the next phase of development. Situated on a generous, exceptionally deep lot, the proposed six-apartment building offers the potential to create a substantial rental property, with ample space at the rear for planned parking. Bring your construction expertise and investment vision to complete the project and realize its potential. Seller welcomes offers. Buyer to verify the status and transferability of permits, required approvals, work completed and remaining construction requirements. (id:66096)
Active: 11 days on market, against an average age of 62 days across the listings currently for sale in this city
This multi-family in Ottawa has been listed for 11 days, which is 51 days fresher than the city average of 62. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $880,000, about 9.2× the local median household income of $96,000.
Carrying it typically needs a household income of about $171,895 (20% down, 25-yr amortization, stress-tested) — roughly 79% above the area median.
Source: Statistics Canada, 2021 Census (FSA K1B)
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Loading rates, 30-yr amortization
Cash Needed to Close
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