Exceptional development opportunity offering outstanding redevelopment potential in the heart of Ottawa. This 9,827 sq. ft. corner lot is zoned Traditional Mainstreet (TM), permitting a wide range of commercial and residential uses. Historical planning work for the property included a proposed 7-storey mixed-use development featuring commercial space at grade with residential units above, together with a previously approved minor variance permitting a building height of 21.9 metres. Supporting planning, environmental, geotechnical, and engineering reports are available for review, providing purchasers with valuable background information as they evaluate the site's future development potential. Strategically located at the prominent intersection of Booth Street and Somerset Street West, the property is just minutes from Little Italy, Hintonburg, LeBreton Flats, and Downtown Ottawa, and only a short walk to the Pimisi LRT Station. Surrounded by significant residential intensification, employment, restaurants, and amenities, this is a prime opportunity to acquire a high-profile urban development site in one of Ottawa's most desirable growth corridors. (id:28469)
Facts & features
Property
MLS® Number
X13491836
Property Type
Vacant Land
Neighbourhood
Chinatown
Community Name
4204 - West Centre Town
Features
Irregular Lot Size
Building
Cooling Type
Unknown
Heating Type
Not Known
Size Interior
9,827 Sqft
Utility Water
Municipal Water
Land
Acreage
No
Sewer
Sanitary Sewer
Size Depth
75 Ft ,9 In
Size Frontage
104 Ft ,2 In
Size Irregular
104.19 X 75.77 Ft ; 1
Size Total Text
104.19 X 75.77 Ft ; 1
Zoning Description
Cm1 [112] H(16)
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.