13 BALSAM Street, West Centre Town, ON K1R 6W6

  • $999,900
  • $1,025,000
13 BALSAM Street, West Centre Town, ON K1R 6W6
  • X9515029
  • MLS® Number
  • Land, Commercial
  • Property Type
Active For Sale
13 BALSAM Street, West Centre Town, ON K1R 6W6
13 BALSAM Street, West Centre Town, ON K1R 6W6
  • $999,900
  • $1,025,000

Description

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.

Details

MLS® Number
X9515029
Updated on December 19, 2024 at 6:26 am

Additional details

  • Roof: Unknown
  • Utilities: Unknown
  • Sewer: Sewer
  • Cooling: Unknown
  • County: Ottawa
  • Property Type: Commercial Sale

Address

  • Address 13 BALSAM Street
  • City West Centre Town
  • State/county ON
  • Zip/Postal Code K1R 6W6
  • Country CA

Contact Information

Firas AL-Rifay
  • Firas AL-Rifay
  • +1 (647) 242-6988 WhatsApp
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Firas AL-Rifay
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