POTENTIAL of UP TO 36 UNITS with this development opportunity under the City's new zoning code. Zoning Summary and Review are available upon request. This property is close to Place d'Orleans, the new upcoming LRT Station, and plenty of nearby Shopping & Amenities. This property has been re-zoned, and is designated as N3B under the City of Ottawa's New Zoning By-Law. Conceptual drawings visible in listing photos are for 24 and 32 unit iterations. The lot is 85 x 215 feet, and the property is currently tenanted at $2900/month inclusive of utilities, allowing for the collection of rents while you plan and prepare your lucrative development project. *Buyers advised to conduct their own due-diligence.* (id:28469)
Facts & features
Property
MLS® Number
X14114576
Property Type
Single Family
Neighbourhood
Orléans Village - Châteauneuf
Community Name
2010 - Chateauneuf
Ownership
Freehold
Equipment Type
Water Heater
Parking Space Total
10
Rental Equipment Type
Water Heater
Building
Bathroom Total
2
Bedrooms Above Ground
5
Bedrooms Total
5
Appliances
Stove, Refrigerator
Basement Development
Unfinished
Basement Type
N/a (unfinished)
Construction Style Attachment
Detached
Cooling Type
Central Air Conditioning
Exterior Finish
Vinyl Siding
Foundation Type
Stone
Heating Fuel
Natural Gas
Heating Type
Forced Air
Stories Total
2
Size Interior
1,100 - 1,500 Sqft
Type
House
Utility Water
Municipal Water
Parking
No Garage
—
Land
Acreage
No
Sewer
Sanitary Sewer
Size Depth
215 Ft
Size Frontage
85 Ft
Size Irregular
85 X 215 Ft
Size Total Text
85 X 215 Ft
Monthly payment estimate
$
Estimated payment—per month
Mortgage amount
—
Total interest
—
Down payments under 20% typically require mortgage default insurance (CMHC), which is not included in this estimate.
Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.
Cost of ownership
Est. monthly payment
$3,940/mo
Ontario land transfer tax
$14,273 one-time
Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.