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707 De L'eglise Street Ottawa, Ontario K1K 3K3


Attention Builders! A PERMIT APPROVED INFILL for a multiunit on a 45X131 lot backing onto the St Laurent Complex with park/pool/rink/library. It is CLOSE TO ALL EMBASSIES, OTTAWA GENERAL HOSPITAL, St.Laurent Shopping Centre, University of Ottawa, Trainyards Shopping Centre & so much more. It features a 3.5-storey building; 3AG X 3 bedroom units (3X$2500 monthly) & potential for a future 4th BG one ($2200 monthly). The open concept design, 2 full baths including an ensuite, balcony and in-suite laundry, 3 LEGAL PARKING SPOTS & its LOCATION WILL ATTRACT HIGH-QUALITY TENANTS AND RENTAL INCOME. The building permit & demolition permits are ready for pick up. No carrying cost, just get Disconnect clearance, pay the development charges, pick up the permits & start building. THE PROJECTED GOI=$116,400. NOI=$98,940. PROFIT IS $700K (37% ROI). Or WITH THE RECENT ZONING CHANGES, YOU CAN BUILD UP TO 6 UNITS. WOW, IT CAN'T GET BETTER THAN THIS! Call Today! (id:36465)

Property Details

MLS® Number 1303566
Property Type Vacant Land
Neigbourhood Castle Heights


Basement Development Not Applicable
Basement Type Unknown (not Applicable)
Utility Water Municipal Water


Acreage No
Sewer Municipal Sewage System
Size Depth 131 Ft
Size Frontage 45 Ft
Size Irregular 0.14
Size Total 0.14 Ac
Size Total Text 0.14 Ac
Zoning Description R4ua


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