Royal LePage Team Realty Logo
Team Realty

Ottawa, Ontario K1L7A9


ID# 1343970
SHOVEL READY PROJECT for investors looking to start building two 8 units (16 total) apartment buildings without having to deal with demolition/severance/permits etc. POTENTIAL CAP RATE OF 5.2%! 4 X bachelor at $1,650/month, 8 X 1 bedroom at $1,800/month and 4 X 2 bedrooms at $2,100/month. Potential revenue of $29,400/month! SELLING LAND ONLY, does not include building. INCLUDED: Phase 1 ESA completed, Minor variance, pending now (should be ready by July 2023), TIR (tree report) completed, Geotechnical Investigation completed. All plans will be completed by closing, existing building will be demolished, lot cleared and severed before closing. Note that permit application is in process but, buyer will be responsible for payment. Buyer is also responsible for development and parkland charges. Building design: High efficiency heat pump, spray foam for the entire building, quartz counter tops, laminate floors, 1 wheelchair accessibility unit per building, modern look. Call now for more info (id:43993)
Courtesy of EXP REALTY
Listed on: May 26, 2023

On market: 14 days
Bathroom Total 0
Half Bathrooms Total 0
Year Built 2024
Cooling Type Heat Pump
Stories Total 3