Exceptional investment opportunity in the heart of Ottawa's Britannia Heights! This centrally located property comes with Site Plan Approval for 21 residential units and 9 parking spaces, and will be rezoned to R4 on closing. Building permits are expected within 30-60 days, with a construction timel...ine of just 12-18 months. Situated near the upcoming LRT station and just seconds from the highway, this location offers unmatched convenience. Walking distance to shops, a movie theatre, and Bayshore Shopping Centre-Ottawa's second-largest mall-this is a high-demand area ideal for attracting quality tenants. The property currently includes a home rented at $1,000/month, providing holding income. Significant soft costs have already been covered, including rezoning, engineering reports, ESA, and urban planning. Flexible options available: purchase the land and build yourself, or the vendor can deliver the completed project. With a strong location, transit access, and approvals in place, this is a turnkey development opportunity poised for success. Don't miss out on securing your future in Ottawa's thriving real estate market! Full financial proforma available.
Full Property Details
General
Business Type
Residential
Total Area
11033.00 Square Feet
Sprinklers
-
Drive-In Level Shipping Doors
-
Double Man Shipping Doors
-
Grade Level Shipping Doors
-
Truck Level Shipping Doors
-
Business Type
Residential
Total Area
11033.00 Square Feet
Sprinklers
-
Drive-In Level Shipping Doors
-
Double Man Shipping Doors
-
Grade Level Shipping Doors
-
Truck Level Shipping Doors
-
Interior
Washrooms
0
Washrooms
0
Exterior
Depth
119.24
Front
137.18
Lot Size
137 x 119.24 ft
Parking Spaces
-
Total Parking Spaces
-
Garage Spaces
-
Zoning
R4
Depth
119.24
Front
137.18
Lot Size
137 x 119.24 ft
Parking Spaces
-
Total Parking Spaces
-
Garage Spaces
-
Zoning
R4
Building Description
Home Type
Commercial
Subtype
Land
Sewers
Sanitary
Water Supply
Municipal
Possession Date
No Data
Home Type
Commercial
Subtype
Land
Sewers
Sanitary
Water Supply
Municipal
Possession Date
No Data
Community
Community
Britannia Heights
Community
Britannia Heights
Taxes & Fees
Taxes
$4,869.18 /yr
Tax Year
2025
Occupancy
Tenant
Taxes
$4,869.18 /yr
Tax Year
2025
Occupancy
Tenant
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