This lot in Ottawa is for sale.

Description

Fantastic opportunity to build in a sought-after neighborhood! This 50 x 90 foot severed lot is surrounded by quality infill development, including a beautiful newly built home next door. Currently zoned R1FF with proposed N3D zoning offering exciting future development potential. Conveniently located close to parks, schools, shopping, transit, Algonquin College and Highway 417. A rare chance to secure a premium building lot in an established area experiencing strong redevelopment and growth ** City council recently approved development charges by 54%** Buyer to verify all zoning development possibilities (id:66096)

Property Details

MLS®: X13467178
Property Type: Vacant Land
Bathrooms: 0
Lot Size: 50 × 90 ft (4,500 sq ft)
Frontage: 50 ft
Garage: No Garage
Listed: 138 days ago

Services

Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

138d

Ottawa listings, avg age

63d

List price

$519K

Haho

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Listed by ROYAL LEPAGE TEAM REALTY · Frank Di Tiero

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K2G)

This home lists at $519,000, about 4.6× the local median household income of $114,000.

Carrying it typically needs a household income of about $101,379 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $114,000
Population: 50,692
Median age: 40
Owner / renter: 72% / 28%
Avg. household size: 2.8

Source: Statistics Canada, 2021 Census (FSA K2G)

$519,000

For sale

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Financing

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50 Lotta Avenue, Ottawa - Vacant Land for Sale