13 Balsam Street, Ottawa
- Bedrooms: 4
- Type: Lots and Land
- Added: 290 days ago
- Updated: 10 days ago
- Last Checked: 2 hours ago
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:1945)
Exterior & Lot FeaturesLearn about the exterior and lot specifics of 13 Balsam Street
- Water Source: Municipal water
- Lot Size Units: acres
- Lot Size Dimensions: 0.08
Location & CommunityUnderstand the neighborhood and community
- Common Interest: Freehold
Utilities & SystemsReview utilities and system installations
- Sewer: Municipal sewage system
Tax & Legal InformationGet tax and legal details applicable to 13 Balsam Street
- Tax Year: 2023
- Parcel Number: 041080277
- Tax Annual Amount: 4922
- Zoning Description: R4UB[2296] H(12.6)
This listing content provided by REALTOR.ca
has
been licensed by REALTOR®
members of The Canadian Real Estate Association
members of The Canadian Real Estate Association
Nearby Listings Stat
Active listings
387
Min Price
$8,500
Max Price
$6,995,000
Avg Price
$925,391
Days on Market
94 days
Sold listings
124
Min Sold Price
$125,000
Max Sold Price
$3,150,000
Avg Sold Price
$727,412
Days until Sold
77 days
