174 Ethel Street Ottawa, Ontario K1L 5X4
$810,000
An investors golden opportunity awaits with this ready-to-go building project offering the potential for a 6-unit building! With plans & permits, this property allows you to dive into construction without delay. NOTE: An artist's rendering gives a glimpse of the planned building, minor variances might allow for more units. Projected Rents are as followed: 1-1bedroom for $1650/mo and 5-2 bedroom units, $2350/mo = $160,800 gross income / yr... with Projected Operating expenses $38500/yr with NOI of $122,300/yr or 4.5% cap rate. Situated near a plethora of amenities, recreational facilities & cultural landmarks, the New Edinburgh Community & Art Centre the allure of this location extends beyond its immediate surroundings. Just a stone's throw away lies the iconic Byward Market, Global Affairs Canada, restaurants & cafés, shopping & so much more! This property also offers an easy access to the Alexandra & Macdonald-Cartier bridges facilitating seamless connectivity to neighboring areas. (id:18965)
Property Details
| MLS® Number | 1358482 |
| Property Type | Vacant Land |
| Neigbourhood | Vanier |
| Amenities Near By | Public Transit, Recreation Nearby, Shopping |
| Community Features | Family Oriented |
| Features | Flat Site |
| Road Type | Paved Road |
Building
| Basement Development | Not Applicable |
| Basement Type | Unknown (not Applicable) |
| Utility Water | Municipal Water |
Land
| Access Type | Road Access |
| Acreage | No |
| Current Use | Development Residential |
| Land Amenities | Public Transit, Recreation Nearby, Shopping |
| Size Depth | 95 Ft |
| Size Frontage | 49 Ft ,6 In |
| Size Irregular | 0.11 |
| Size Total | 0.11 Ac |
| Size Total Text | 0.11 Ac |
| Zoning Description | R4e |
https://www.realtor.ca/real-estate/26000943/174-ethel-street-ottawa-vanier
Interested?
Contact us for more information
785 Notre Dame St, Po Box 1345
Embrun, Ontario K0A 1W0
(613) 443-4300
(613) 443-5743
www.exitottawa.com
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September 07 2023 09:16:07
Ottawa Real Estate Board
Exit Realty Matrix