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)

TO LEARN MORE ABOUT THIS PROPERTY CONTACT

JEFF GREENBERG

Sales Representative

Office: 613-725-1171

Toll Free: 1-800-307-1545 greenje@magma.ca


Courtesy of KELLER WILLIAMS INTEGRITY REALTY

Listed on: February 05, 2024

On market: 282 days
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Address Price Bed Bath SqFt Area Sub Area Brokerage
142/144 MONTFORT STREET Ottawa
142/144 MONTFORT STREET
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600 MOUNTAINEER PRIVATE UNIT513 Ottawa
600 MOUNTAINEER PRIVATE UNIT513
 $2,930 1 1 * ft X * ft Ottawa Elmvale BENNETT PROPERTY SHOP REALTY
14A BENLEA DRIVE Ottawa
14A BENLEA DRIVE
 $475,000 3 2 Ottawa Tanglewood INNOVATION REALTY LTD.
1353 PAARDEBURGH AVENUE Ottawa
1353 PAARDEBURGH AVENUE
 $669,000 4 3 36 ft X 85 ft Ottawa Elmwood ROYAL LEPAGE PERFORMANCE REALTY
2484 WATERCOLOURS WAY Ottawa
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310 CENTRAL PARK DRIVE UNIT9J Ottawa
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JEFF GREENBERG, REALTOR® | Office: 613-725-1171 | Toll Free: 1-800-307-1545 | greenje@magma.ca

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