13 BALSAM STREET
Ottawa, Ontario K1R6W6

$999,900

ID# X9515029
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)

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Courtesy of KELLER WILLIAMS INTEGRITY REALTY

Listed on: February 05, 2024

On market: 297 days
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Address Price Bed Bath SqFt Area Sub Area Brokerage
1564 Scottanne Street Ottawa
1564 SCOTTANNE STREET
 $1,100,000 4 3 Ottawa Greely
604 - 309 CUMBERLAND STREET Ottawa
604 - 309 CUMBERLAND STREET
 $308,800 2 2 Ottawa ROYAL LEPAGE TEAM REALTY
303 - 203 CATHERINE STREET Ottawa
303 - 203 CATHERINE STREET
 $579,900 2 2 Ottawa BRAD J. LAMB REALTY INC.
306 - 224 LYON STREET Ottawa
306 - 224 LYON STREET
 $399,000 1 1 Ottawa HOME RUN REALTY INC.
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22 STROUGHTON CRESCENT
 $759,900 4 - 57.51 x 131.7 FT ; 1 Ottawa ENGEL & VOLKERS OTTAWA
302 - 589 RIDEAU STREET Ottawa
302 - 589 RIDEAU STREET
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LizWardhaugh

Sales Representative

Direct: 613.884.6652

lizwardhaugh@royallepage.ca

Anita deVries Bonneau

Sales Representative BA. LL.B.

Direct: 613-299-1547

anitadbonneau@royallepage.ca

Every client a V.I.P , every house a home.

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