1022 Maitland Avenue

Ottawa, Ontario K2C 2B6

50 X 123.8 Ft Lot size

1 day ago Listed

About this home

ATTENTION BUILDERS, DEVELOPERS & INVESTORS! Exceptional land value and redevelopment opportunity at 1022 Maitland Avenue! Featuring City-confirmed CM2 (Minor Corridor Zone 2) zoning, this approximately 50' x 123' property offers exciting possibilities for future development and intensification. Ideally situated in an established Ottawa neighbourhood, with convenient access to Highway 417, public transit, shopping, schools and everyday amenities. An attractive location to explore future residential or mixed-use development opportunities, subject to applicable zoning provisions and municipal approvals. The property is currently improved with a 3-bedroom bungalow featuring a finished lower level and generates $3,000 per month in all-inclusive rental income, providing income while future development plans are explored. A new survey may be provided with an offer. An opportunity to invest in the land, location and future potential! Buyers to conduct their own due diligence regarding permitted uses, development feasibility and approvals. (id:28469)

Facts & features

Property

MLS® Number: X14092988
Property Type: Vacant Land
Neighbourhood: College
Community Name: 5402 - Braemar Park

Building

Utility Water: Municipal Water

Land

Acreage: No
Sewer: Sanitary Sewer
Size Depth: 123 Ft ,9 In
Size Frontage: 50 Ft
Size Irregular: 50 X 123.8 Ft
Size Total Text: 50 X 123.8 Ft
Zoning Description: Cm2 - Minor Corridor Zone 2

Monthly payment estimate

Home price

Down payment 20%

Interest rate (%)

Amortization

Frequency

Estimated payment — per month

Mortgage amount: —
Total interest: —

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: $3,985/mo
Ontario land transfer tax: $14,473 one-time

Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.

The Braemar Park market

7 Active listings

$774,900 Median asking price

16% above median This home

37 days Avg. time on market

Browse all Braemar Park listings →

Location

1022 Maitland Avenue, Ottawa, Ontario K2C 2B6 · Get directions