Overview

This lot in Ottawa is for sale.

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Description

Vacant development lot on Ottawa's Richmond Road Mainstreet Corridor in the established Bayshore community. 6,415 sq ft with 101 feet of frontage, designated MS2. No demolition required. No minimum front setback below 15 metres. MS2 permits a broad range of mixed-use development with ground floor commercial and residential above. The full MS2 permitted use schedule applies at grade - medical facility, office, restaurant, retail, personal service business, day care, instructional facility, recreation and athletic facility, and many others. A 3 to 4 storey mixed-use building represents a straightforward development program on this site. Rooftop terrace potential on a 4-storey build. Ground floor NNN commercial tenancy estimated at $55,000-$65,000 annual NOI based on current Ottawa west-end mainstreet comparable leases, with residential units above. Minutes from Highway 417, Bayshore Shopping Centre, Queensway Carleton Hospital, Cedar Hill Golf Course, and OC Transpo's Richmond Road corridor. (id:66096)

Property Details

MLS®: X13151854
Property Type: Vacant Land
Zoning: R1FF/MS2
Bathrooms: 0
Lot Size: 101 × 107 ft (10,810 sq ft)
Frontage: 101 ft
Property Tax: $1,964/yr
Listed: 168 days ago

Features

Lot Features: Irregular lot size

Services

Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

168d

Ottawa listings, avg age

63d

List price

$580K

Haho

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Listed by ROYAL LEPAGE INTEGRITY REALTY · Johnny Kulwartian

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K2B)

This home lists at $579,900, about 8.1× the local median household income of $72,000.

Carrying it typically needs a household income of about $113,275 (20% down, 25-yr amortization, stress-tested) — roughly 57% 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)

$579,900

For sale

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Financing

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3076 RICHMOND Road, Ottawa - Vacant Land for Sale