Active
13 BALSAM STREET
Ottawa Ontario, K1R6W6
$1,100,000
$315.66 per sqft
Active
0.08 Acres
Land
Courtesy of KELLER WILLIAMS INTEGRITY REALTY
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:41202)
1376364
MLSⓇ ID
February 5, 2024
Listed
May 9, 2024
Updated
Map
13 BALSAM STREET
Ottawa Ontario, K1R6W6
Exterior/Building Features
Lot Size
0.08 Acres
Sewer
Municipal sewage system
Other Property Details
Garage
No
View
No
Pool
No
Courtesy of KELLER WILLIAMS INTEGRITY REALTY, Mitch Gauzas,
Listing Contact: (613) 829-1818
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