Description

Rare development opportunity in the heart of Ottawa's urban core. Situated on approximately 70 feet by 90 feet of frontage along Montreal Road, this vacant parcel offers investors and developers the chance to create a mixed-use project in one of the city's rapidly evolving corridors. The site is ideally suited for a retail-at-grade and residential-above development, capitalizing on, increasing density, and ongoing revitalization throughout the surrounding area. With excellent exposure, accessibility, and proximity to amenities, transit, and downtown Ottawa, this property presents a compelling opportunity to unlock value through future development. (id:66096)

Market Timing

Days on market

135d

Ottawa listings, avg age

62d

Price / ft²

$141

List price

$975K

Area context

Neighbourhood profile (K1L)

This home lists at $975,000, about 15.4× the local median household income of $63,200.

Carrying it typically needs a household income of about $190,452 (20% down, 25-yr amortization, stress-tested) — roughly 201% above the area median.

Median household income: $63,200
Population: 18,213
Median age: 41.2
Owner / renter: 33% / 67%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA K1L)

$975,000· $141/ft²

For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

Financing

Need a commercial mortgage?

Commercial lenders price on income, tenancy, and zoning rather than posted rates. Our partner mortgage brokers at iShopRates structure the file and shop lenders for you.

Inquire about financing →

Planning to build?

Before you offer on a development site, know what you can build. PreBuildIQ delivers zoning verdicts and required study scopes for any Ontario address in 60 seconds.

Check your site with PreBuildIQ →

81 Montreal Road, Ottawa - Vacant Land for Sale

Description

Property Details

Market Timing

Location

Nearby Places

Neighbourhood profile (K1L)

Book a showing

Need a commercial mortgage?