Description

Income-producing 71-acre rural landholding near Richmond, offering frontage, scale, a 4.1% cap rate, and long-term development potential. The property provides stable income today, with opportunities to increase revenue over time and strengthen the overall return profile. With flexibility for future planning, development, or rural-use opportunities, it represents a strategic hold with proximity to Richmond, access to the broader Ottawa market, and multiple paths for future value creation. ADDITIONAL DETAILS FOUND IN "MORE INFORMATION" LINK BELOW. (id:66096)

Property Details

MLS®: X13197142
Property Type: Vacant Land
Zoning: RU
Lot Size: 72 acres
Frontage: 755 ft
Price per Acre: $32,503 per acre
Property Tax: $6,270.02/yr
Listed: 161 days ago

Services

Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

161d

Ottawa listings, avg age

62d

List price

$2.35M

Haho

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Listed by RE/MAX HALLMARK REALTY GROUP · Danny Morissette

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K0A)

This home lists at $2,350,000, about 20.4× the local median household income of $115,000.

Carrying it typically needs a household income of about $459,037 (20% down, 25-yr amortization, stress-tested) — roughly 299% above the area median.

Median household income: $115,000
Population: 111,626
Median age: 44
Owner / renter: 87% / 13%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA K0A)

$2,350,000

For sale

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Financing

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7232 Franktown Road, Ottawa - Vacant Land for Sale