Vacant lot with shovel ready development project. Site plan approved for a 6-storey, 64-unit residential building appraised at $22M+ with ground level parking, bike storage, lockers, laundry, a gym, and more. Building permits are 75% done and land is appraised at $2.6M. Ideal for any real estate developers, or builders. |
Extras: The development scores a 100% energy rating which qualifies for CMHC MLI Select Financing program. Buyer can take advantage of heavily subsidized CMHC loans, including 50-year amortization and lowest interests rates on the market |
Price | $1,990,000 |
Taxes: | $3837.00 |
Tax Type: | Annual |
Occupancy by: | Vacant |
Address: | 374 Mcarthur Ave , Ottawa, K1L 6N7, Ontario |
Postal Code: | K1L 6N7 |
Province/State: | Ontario |
Legal Description: | PT LT B, PL 131, BEING PART 1 ON PLAN 4R |
Lot Size: | 65.92 x 190.77 (Feet) |
Directions/Cross Streets: | Mcarthur Ave / St. Laurent Blv |
Category: | Designated |
Use: | Residential |
Total Area: | 12572.00 |
Total Area Code: | Sq Ft |
Sewers: | Sanitary |
Water: | Municipal |
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
INTERNATIONAL REALTY FIRM, INC. |
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Book Showing | Email a Friend |
Type: | Com - Land |
Area: | Ottawa |
Municipality: | Ottawa |
Neighbourhood: | Vanier |
Lot Size: | 65.92 x 190.77(Feet) |
Tax: | $3,837 |