13 BALSAM STREET
Ottawa, Ontario K1R6W6

$999,900

ID# 1376364
A shovel-ready 8-unit apartment building development opportunity in Centretown West, Ottawa. This sale includes the lot, site-plan approval documents, survey, all required reports and studies and full architectural working drawings. The cost of construction has been estimated to be $1,900,000 by professional contractors and is variable depending on your particular construction and material choices. The existing building is vacant, boarded and ready for demolition. The approved design provides for seven two bedroom apartments and a single one bedroom apartment. The design has an entrance ramp for disability access on the ground floor. Simply acquire the building permit and begin construction. The estimated market value of the development when completed and fully occupied with tenants paying market rent is projected to be greater than $3,530,000. This is a great opportunity for a builder to create a profitable development to hold as an investment or sell for a profit. (id:25961)
Courtesy of KELLER WILLIAMS INTEGRITY REALTY

Listed on: February 05, 2024

On market: 283 days
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Address Price Bed Bath SqFt Area Sub Area Brokerage
2243 PAGE ROAD Ottawa
2243 PAGE ROAD
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665 BATHGATE DRIVE UNIT2108
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7865 MORNINGSIDE AVENUE Ottawa
7865 MORNINGSIDE AVENUE
 $699,999 3 1 104.9 ft X 242.04 ft (Irregular Lot) Ottawa Vernon EXIT REALTY BY DESIGN
292 FIFTH AVENUE Ottawa
292 FIFTH AVENUE
 $799,900 3 1 34.75 ft X 84.41 ft Ottawa Glebe ONE PERCENT REALTY LTD.
140 SPRINGHURST AVENUE UNIT8 Ottawa
140 SPRINGHURST AVENUE UNIT8
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340 QUEEN STREET UNIT2211 Ottawa
340 QUEEN STREET UNIT2211
 $2,995 1 1 * ft X * ft Ottawa Ottawa Centre SOLID ROCK REALTY
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