direct 613.291.3340

13 BALSAM STREET
Ottawa, Ontario K1R6W7

  • 13 BALSAM STREET Ottawa
  • 13 BALSAM STREET Ottawa
  • 13 BALSAM STREET Ottawa
  • 13 BALSAM STREET Ottawa
  • 13 BALSAM STREET Ottawa
  • 13 BALSAM STREET Ottawa
  • 13 BALSAM STREET Ottawa
  • 13 BALSAM STREET Ottawa
  • 13 BALSAM STREET Ottawa
  • 13 BALSAM STREET Ottawa
  • 13 BALSAM STREET Ottawa
  • 13 BALSAM STREET Ottawa
  • 13 BALSAM STREET Ottawa

$949,900

ID# X11979477

Other

PRIME DEVELOPMENT SITE offers a fantastic opportunity to build an 8-unit apartment building in one of Ottawa's most sought-after neighborhoods, Centretown West. The property includes all necessary documentation to proceed immediately, a survey, full architectural working drawings, and completed environmental and engineering studies. The proposed building consists of 8 units: seven one-bedroom+den apartments (designed to easily convert into two-bedroom units post-construction) and one accessible one-bedroom unit. The design features in-suite laundry for each unit, and bike racks are provided for residents, as there is no parking on-site. The existing building is vacant, boarded, and ready for demolition, with utilities already capped, ensuring a smooth transition for the new owner. Site is perfectly situated next to a brand-new condo and across from other new developments, ensuring strong future rental demand. This is an ideal opportunity for developers to acquire a well-prepared project in This property sits in the heart of West Centre Town, one of the most vibrant and sought-after neighborhoods in the city. With a high walk score, everything you need is just steps away trendy cafes, top-rated restaurants, boutique shopping, lush parks, and excellent public transit options. You're within walking distance of downtown, Little Italy, Chinatown, and Hintonburg, offering an incredible mix of cultural experiences, nightlife, and community charm. Whether commuting, dining out, or enjoying the city's best amenities, this location offers unmatched convenience and urban living at it's finest. With building permits ready and a fully approved design, you can start construction immediately. The estimated market value for the fully completed development, fully rented at market rates, exceeds $3.5M, offering excellent potential for long-term investment or profitable resale! Don't miss this amazing investment opportunity! (id:25961)
LEARN MORE ABOUT THIS PROPERTY
Courtesy of EXP REALTY

Listed on: February 19, 2025

On market: 3 days
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SHAH BAHAUDDIN

Sales Representative

 

Royal LePage Team Realty

Brokerage

3101 Strandherd Drive Unit #4

Ottawa, Ontario

K2G 4R9

Office: 613-825-7653

Direct: 613-291-3340

shah@royallepage.ca

Royal LePage Team Realty

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