13 BALSAM ST Active

West Centre Town,ON K1R 6W6

$ 999900

- Bed

- Bath

- SqFt


Key Details

Property Type Commercial

Sub Type Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID X9515029

Annual Tax Amount $4,922

Tax Year 2023

Property Description

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.

Location

Province ON

County Ottawa

Community 4205 - West Centre Town

Area Ottawa

Region 4205 - West Centre Town

City Region 4205 - West Centre Town

Rooms

Family Room No

Interior

Cooling Unknown

Exterior

Utilities Available Unknown

Roof Type Unknown

Others

Security Features Unknown

Pets Allowed Unknown

View More
Favorite Go Tour