13 BALSAM STREET
4205 - West Centre Town Ottawa K1R 6W6

$999,900
Vacant Land

Main Photo: 13 BALSAM STREET in Ottawa: Vacant Land for sale : MLS®# X9515029
Photo 1: 13 BALSAM STREET in Ottawa: Vacant Land for sale : MLS®# X9515029
Photo 2: 13 BALSAM STREET in Ottawa: Vacant Land for sale : MLS®# X9515029
Photo 3: 13 BALSAM STREET in Ottawa: Vacant Land for sale : MLS®# X9515029
Photo 4: 13 BALSAM STREET in Ottawa: Vacant Land for sale : MLS®# X9515029
Photo 5: 13 BALSAM STREET in Ottawa: Vacant Land for sale : MLS®# X9515029
Photo 6: 13 BALSAM STREET in Ottawa: Vacant Land for sale : MLS®# X9515029
Status:
Active
Prop. Type:
Vacant Land
MLS® Num:
X9515029
A shovel-ready 8-unit apartment building development opportunity in Centretown West, Ottawa. This sale includes the lot, site-plan approval documents, survey, all required reports and studies and full architectural working drawings. The cost of construction has been estimated to be $1,900,000 by professional contractors and is variable depending on your particular construction and material choices. The existing building is vacant, boarded and ready for demolition. The approved design provides for seven two bedroom apartments and a single one bedroom apartment. The design has an entrance ramp for disability access on the ground floor. Simply acquire the building permit and begin construction. The estimated market value of the development when completed and fully occupied with tenants paying market rent is projected to be greater than $3,530,000. This is a great opportunity for a builder to create a profitable development to hold as an investment or sell for a profit. (id:2493)
Property Type:
Vacant Land
Transaction Type:
For sale
Zoning:
R4UB[2296] H(12.6)
Ownership Type:
Freehold
Taxes:
$4,922 / -
Community:
4205 - West Centre Town
Fireplace:
No
Water:
Municipal water
Sewer:
Sanitary sewer
Road Access:
Road access
Lot Frontage:
34'
Lot Depth:
106'
Acreage:
No
Lot Size:
0.08 ac
Lot Details:
Unit=34.06 x 106.76 FT ; 0
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Listed by KELLER WILLIAMS INTEGRITY REALTY
Data was last updated December 22, 2024 at 11:15 PM (UTC)
Area Statistics
Listings on market:
70
Avg list price:
$947,000
Min list price:
$210,000
Max list price:
$13,500,000
Avg days on market:
225
Min days on market:
140
Max days on market:
2,176
Avg price per sq.ft.:
$131.64
These statistics are generated based on the current listing's property type and located in Ottawa. Average values are derived using median calculations.
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