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13 Balsam Street Ottawa, Ontario K1R 6W6

$1,100,000

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:18965)

Property Details

MLS® Number 1376364
Property Type Vacant Land
Neigbourhood West Centre Town

Building

UtilityWater Municipal Water

Land

AccessType Road Access
Acreage No
Sewer Municipal Sewage System
SizeDepth 106 Ft ,9 In
SizeFrontage 34 Ft ,1 In
SizeIrregular 0.08
SizeTotal 0.08 Ac
SizeTotalText 0.08 Ac
ZoningDescription R4ub[2296] H(12.6)

https://www.realtor.ca/real-estate/26483588/13-balsam-street-ottawa-west-centre-town

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Mitch Gauzas
Salesperson


Keller Williams Integrity Realty
2148 Carling Ave., Units 5 & 6
Ottawa, Ontario K2A 1H1

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