Exceptional investment opportunity in the heart of Ottawa's Britannia Heights! This centrally located property comes with Site Plan Approval for 21 residential units and 9 parking spaces, and will be rezoned to R4 on closing. Building permits are expected within 30-60 days, with a construction timeline of just 12-18 months. Situated near the upcoming LRT station and just seconds from the highway, this location offers unmatched convenience. Walking distance to shops, a movie theatre, and Bayshore Shopping Centre-Ottawa's second-largest mall-this is a high-demand area ideal for attracting quality tenants. The property currently includes a home rented at $1,000/month, providing holding income. Significant soft costs have already been covered, including rezoning, engineering reports, ESA, and urban planning. Flexible options available: purchase the land and build yourself, or the vendor can deliver the completed project. With a strong location, transit access, and approvals in place, this is a turnkey development opportunity poised for success. Don't miss out on securing your future in Ottawa's thriving real estate market! Full financial proforma available. (id:67947)
| Business Type | Residential |
| Business Sub Type | Residential |
| MLS® Number | X14120298 |
| Property Type | Vacant Land |
| Neigbourhood | Fairfield Heights |
| Community Name | 6201 - Britannia Heights |
| Amenities Near By | Highway |
| Features | Conservation/green Belt |
| Size Interior | 11,033 Sqft |
| Utility Water | Municipal Water |
| Acreage | No |
| Land Amenities | Highway |
| Sewer | Sanitary Sewer |
| Size Depth | 119 Ft ,2 In |
| Size Frontage | 137 Ft ,2 In |
| Size Irregular | 137.18 X 119.24 Ft ; 1 |
| Size Total Text | 137.18 X 119.24 Ft ; 1 |
| Zoning Description | R4 |
https://www.realtor.ca/real-estate/30447844/3055-richmond-road-ottawa-6201-britannia-heights
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