Located just 30 minutes south of Ottawa, 518 Church Street presents an exciting redevelopment opportunity in the growing community of Winchester. Ideally situated within walking distance of local schools, shopping, restaurants, professional services, and Winchester District Memorial Hospital, this property offers an excellent combination of location, existing infrastructure, and future potential. The existing building provides an opportunity for residential redevelopment or conversion, making this an attractive proposition for an investor, builder, or developer seeking to create additional rental housing in an established community. With continued demand for quality rental accommodations in North Dundas, properties offering this type of potential are becoming increasingly difficult to find. Municipal water, sewer, and natural gas services are already connected. Municipal approval is also in place for water serving up to four apartment units, providing further support for potential multi-unit residential conversion, subject to required approvals and permits. Parking is another advantage, with municipal approval for additional gravel parking at the front, and two leased parking spaces in the municipality's Boyd parking lot. The roof has also been recently replaced. Winchester offers convenient access to Highway 31 (Bank Street), Ottawa, medical facilities, schools, shopping, restaurants, and recreational amenities. Whether you are an experienced developer, builder, or investor, 518 Church Street offers an opportunity to explore residential redevelopment in an established and increasingly desirable community. Buyer to make their own inquiries with the Municipality regarding permitted uses, zoning, development requirements, building permits, parking, and all other approvals necessary to realize their intended use. (id:28469)
Facts & features
Property
MLS® Number
X13747824
Property Type
Multi-family
Community Name
706 - Winchester
Farm Type
Other
Building
Cooling Type
None
Heating Fuel
Natural Gas
Heating Type
Forced Air
Size Exterior
4480 Sqft
Size Interior
4,480 Sqft
Type
Multi-family
Utility Water
Municipal Water
Land
Acreage
No
Size Depth
106 Ft
Size Frontage
40 Ft
Size Irregular
Bldg=40 X 106 Ft
Size Total Text
Bldg=40 X 106 Ft
Zoning Description
R1
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
$1,217/mo
Ontario land transfer tax
$2,599 one-time
Payment assumes 20% down over 25 years. First-time buyers may get up to $2,599 back on land transfer tax.