$ 1.025.000

13 Balsam Street, Ottawa

  • Bedrooms: 4
  • Type: Lots and Land
  • Added: 273 days ago
  • Updated: 90 days ago
  • Last Checked: 16 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 Features

  • Water Source: Municipal water
  • Lot Size Units: acres
  • Lot Size Dimensions: 0.08

Location & Community

  • Common Interest: Freehold

Utilities & Systems

  • Sewer: Municipal sewage system

Tax & Legal Information

  • 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

Nearby Places

Name
Type
Address
Distance
Adult High School
School
300 Rochester St
0.2 km
Dominican University College
University
96 Empress Ave
0.6 km
Bronson Centre
Health
211 Bronson Ave
0.8 km
Glebe Collegiate Institute
School
212 Glebe Ave
1.1 km
LeBreton Flats
Park
1 Vimy Pl
1.2 km
Canadian War Museum
Museum
1 Vimy Pl
1.3 km
Glashan Public School
School
28 Arlington Ave
1.3 km
Library and Archives Canada
Library
395 Wellington St
1.5 km
Corpus Christi Elementary School
School
157 4 Ave
1.6 km
Ottawa Marriott Hotel
Lodging
100 Kent St
1.6 km
Supreme Court of Canada
Courthouse
301 Wellington St
1.7 km
Arboretum
Park
Ottawa
1.8 km
More Details?
Mitch Gauzas
  • Mitch Gauzas
  • KELLER WILLIAMS INTEGRITY REALTY
  • 613-829-1818
  • WebSite

Similar Vacant Lots For Sale

Comparison of 13 Balsam Street, Ottawa, ON with Nearby Vacant Lots
Nearby Cities Listings Avg. price
Stittsville 56 $981.212
Kanata 61 $941.549
Gatineau 265 $604.407
Kemptville 93 $702.291
Orleans 90 $605.046
Merrickville 55 $971.618
Popular Cities Listings Avg. price
Kawartha Lakes 574 $910.146
Oshawa 502 $917.478
Whitby 326 $1.284.143
Other 1303 $864.726
Barrie 800 $942.263
Markham 687 $1.351.420