Prime Corner Lot | Residential/Commercial Development Opportunity! Excellent development opportunity in Hammond! This unique reverse L-shaped corner lot offers approximately 19,000 sq. ft. and is ideally positioned at Lacroix Road and Gendron Road, with approximately 71.98 ft. of frontage on Lacroix Road and 196.33 ft. along Gendron Road, as per GeoWarehouse.Municipal water, natural gas, hydro and Bell services are available, making this property an excellent candidate for future development. A 2023 survey has been completed, and significant groundwork has already been undertaken, including a Phase 1 Environmental Impact Study.According to a local engineering firm, the site may accommodate a development of up to 8 units, subject to zoning and municipal approvals. Ideal for investors, builders or developers looking for a residential or commercial opportunity with strong potential.Conveniently located less than 30 minutes from Ottawa, with immediate possession available. Custom build-to-suit opportunities and an investor package may be available. Potential CMHC financing/accreditation options may also be available, subject to eligibility. Bring your plans and explore the possibilities! (id:28469)
Facts & features
Property
MLS® Number
X13674704
Property Type
Vacant Land
Community Name
607 - Clarence/Rockland Twp
Amenities Near By
Recreation
Features
Irregular Lot Size
Building
Utility Water
Municipal Water
Land
Acreage
No
Land Amenities
Recreation
Size Depth
196 Ft ,3 In
Size Frontage
70 Ft
Size Irregular
0.446
Size Total
0.446 Ac
Size Total Text
0.446 Ac
Zoning Description
Res / Com / Vm
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
$886/mo
Ontario land transfer tax
$1,725 one-time
Payment assumes 20% down over 25 years. First-time buyers may get up to $1,725 back on land transfer tax.