875 Richmond Road, Ottawa, Ontario, K2A0G7




$1,599,000
Ottawa
This lot in Ottawa is for sale offering roughly 13,745 sq ft of space.
Exceptional development site located at 875 Richmond Road, ideally positioned in one of Ottawa's most sought-after growth corridors. Situated just steps from the new LRT line, this property offers outstanding connectivity and convenience for future residents.Surrounded by an abundance of amenities, including shopping, restaurants, schools, parks, and recreational facilities, the site is also moments from the scenic Ottawa River and its extensive network of walking and cycling trails. This highly desirable location combines urban convenience with access to nature, making it an ideal setting for residential development.With strong redevelopment potential, this property presents an excellent opportunity for developers and investors to explore the construction of a mid-rise apartment building in a rapidly evolving neighborhood. Benefit from increasing demand for transit-oriented housing and capitalize on one of Ottawa's premier development locations.A rare opportunity to secure a strategically located development site in a thriving and growing community. Buyers are encouraged to complete their own due diligence regarding zoning, permitted uses, and development potential. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 139 days on market, against an average age of 63 days across the listings currently for sale in this city
This vacant land in Ottawa is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $1,599,000, about 15.2× the local median household income of $105,000.
Carrying it typically needs a household income of about $312,341 (20% down, 25-yr amortization, stress-tested) — roughly 197% above the area median.
Source: Statistics Canada, 2021 Census (FSA K2A)
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