13 Balsam Street, Ottawa, Ontario, K1R6W6

For sale

$1,100,000

$1,100,000

13 Balsam Street, Ottawa, Ontario, K1R6W6

For sale

Overview

 

$1,100,000

Property Type:
Vacant Land


Bedrooms


Bathrooms


Year Built

Description of 13 Balsam Street

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:57323)

Transportation Information

45.4063761
-75.7093373
13 Balsam Street, Ottawa, Ontario, K1R6W6
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Google Maps

Property Address: 13 Balsam Street, Ottawa, Ontario, K1R6W6

Community
Neighbourhood

Property SummaryLast Updated: 2024-04-03

Price
$1,100,000
Ownership Type
Freehold
Features
Community Features
Basement Type
Cooling Type
Fixture
Flooring Type
Heating Fuel
Heating Type
Price$1,100,000
Ownership TypeFreehold
Features
Community Features
Basement Type
Cooling Type
Fixtures
Flooring Type
Heating Fuel
Heating Type

Additional Details

Ammenities
Land Amenities
Size Depth
106 ft ,9 in
Size Irregular
0.08
Ammenities
Land Amenities
Size Depth106 ft ,9 in
Size Irregular0.08

Features

Appliances
Fence Type
Appliances
Fence Type
Leo Trudel Real Estate Agent

Léo Trudel

Sales Representative
SUTTON GROUP - OTTAWA REALTY, BROKERAGE
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