$999,900

For sale

3055 RICHMOND Road, Ottawa - Vacant Land for Sale

3055 RICHMOND Road, Ottawa, Ontario, K2B6S6

11,033 ft²137 × 119 ft (16,357 sq ft) lotListed 8 days ago

Overview

This lot in Ottawa is for sale offering roughly 11,033 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

Exceptional investment opportunity in the heart of Ottawa's Britannia Heights! This centrally located property comes with Site Plan Approval for 21 residential units and 9 parking spaces, and will be rezoned to R4 on closing. Building permits are expected within 30-60 days, with a construction timeline of just 12-18 months. Situated near the upcoming LRT station and just seconds from the highway, this location offers unmatched convenience. Walking distance to shops, a movie theatre, and Bayshore Shopping Centre-Ottawa's second-largest mall-this is a high-demand area ideal for attracting quality tenants. The property currently includes a home rented at $1,000/month, providing holding income. Significant soft costs have already been covered, including rezoning, engineering reports, ESA, and urban planning. Flexible options available: purchase the land and build yourself, or the vendor can deliver the completed project. With a strong location, transit access, and approvals in place, this is a turnkey development opportunity poised for success. Don't miss out on securing your future in Ottawa's thriving real estate market! Full financial proforma available. (id:66096)

Property Details

MLS®: X14120298
Property Type: Vacant Land
Business Type: Residential
Zoning: R4
Interior Size: 11,033 ft²
Lot Size: 137 × 119 ft (16,357 sq ft)
Frontage: 137 ft
Property Tax: $4,869.18/yr
Listed: 8 days ago

Features

Lot Features: Conservation/green belt

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Ottawa listings, avg age

62d

Price / ft²

$91

List price

$1000K

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 RE/MAX HALLMARK REALTY GROUP · Shamir Daya

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K2B)

This home lists at $999,900, about 13.9× the local median household income of $72,000.

Carrying it typically needs a household income of about $195,315 (20% down, 25-yr amortization, stress-tested) — roughly 171% above the area median.

Median household income: $72,000
Population: 33,254
Median age: 39.6
Owner / renter: 36% / 64%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA K2B)

$999,900· $91/ft²

For sale

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Financing

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