1592 Tenth Line Road Ottawa, Ontario K1E 2H8
$1,950,000
Welcome to 1592 Tenth Line Road, an exceptional real estate opportunity in the Orleans neighborhood of Ottawa. This strategically located development lot offers immense potential for investors & developers seeking to create a thriving multi-residential community. The property is perfectly positioned for the construction of 27 one-bedroom units across two buildings, with underground parking. The existing fourplex on the property, with three of its units currently tenanted, provides immediate income - $42,054 NOI, making this a versatile investment. It's important to note that the fourplex is being sold in "as is" condition, as the true value of this offering lies in the development potential the lot holds. One of the most compelling aspects of this property is its prime location in Orleans. It is conveniently situated near essential amenities, making it an attractive option for future residents. Contact me for more information & to explore the full development package of this property. (id:55016)
Property Details
| MLS® Number | 1367942 |
| Property Type | Vacant Land |
| Neigbourhood | Queenswood Heights |
Building
| Utility Water | Municipal Water |
Land
| Access Type | Road Access |
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Depth | 105 Ft ,10 In |
| Size Frontage | 150 Ft ,2 In |
| Size Irregular | 0.37 |
| Size Total | 0.37 Ac |
| Size Total Text | 0.37 Ac |
| Zoning Description | R4 |
https://www.realtor.ca/real-estate/26271227/1592-tenth-line-road-ottawa-queenswood-heights
343 Preston Street, 11th Floor
Ottawa, Ontario K1S 1N4
(866) 530-7737
(647) 849-3180
www.exprealty.ca
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
Ottawa Real Estate Board
Exp Realty
November 21 2023 05:12:39
