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Team Realty


Ottawa, Ontario K1N7P5


ID# 1305899
Don't miss the opportunity to own one of the last double development lots in Sandy Hill. 105/109 Henderson Av being offered as a single package to build a 20 unit, 3 story building. The Site Plan has been approved but is not registered and the Building Permit Approval is in the final stage with the city. Zoned R4S. Plans consist of 8 x two bedrooms (estimated at $2500 per month), 8 x one beds (estimated at $2000 per month), 4 x Studios (estimated at $1700 per month). Projected GOI = $513,600. Projected NOI = $359,520. Expenses are estimated at 30%. Over $435,000 has already been paid for soft costs including all plans, permits, land tests, geo tech etc. Close to Ottawa University, Rideau Centre and the Byward market! Plans attached. 48 hours irrevocable on all offers. (id:25961)
Courtesy of EXP REALTY
Listed on: July 27, 2022

On market: 22 days
Bathroom Total 0
Half Bathrooms Total 0