$999,900
Available - For Sale
Listing ID: X9515029
13 BALSAM St , West Centre Town, K1R 6W6, Ontario
| 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. |
| Price | $999,900 |
| Taxes: | $4922.00 |
| Occupancy by: | Vacant |
| Address: | 13 BALSAM St , West Centre Town, K1R 6W6, Ontario |
| Postal Code: | K1R 6W6 |
| Province/State: | Ontario |
| Legal Description: | PT LT 258, PL 16 , BEING THE E1/2 ; OTTA |
| Lot Size: | 34.06 x 106.76 (Feet) |
| Directions/Cross Streets: | One block North of Gladstone Avenue between Booth Street and Rochester Street. |
| Sewers: | Sewers |
| Water: | Municipal |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| KELLER WILLIAMS INTEGRITY REALTY |
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RAY NILI
Broker
Dir:
(416) 837 7576
Bus:
(905) 731 2000
Fax:
(905) 886 7557
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Land |
| Area: | Ottawa |
| Municipality: | West Centre Town |
| Neighbourhood: | 4205 - West Centre Town |
| Lot Size: | 34.06 x 106.76(Feet) |
| Tax: | $4,922 |
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