Prime Development Property close to Place d'Orleans, the new upcoming LRT Station expected to open later this year, 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. Redevelopment POTENTIAL of 24+ UNITS under the new zoning code. 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. Contact Listing Agent for more information. **Buyers advised to conduct their own due-diligence regarding re-development potential** (id:28469)
Facts & features
Property
MLS® Number
X13568176
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
$3,985/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.