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:50133)
Property Details
| MLS® Number | 1367942 |
| Property Type | Vacant Land |
| Neigbourhood | Queenswood Heights |
Building
| UtilityWater | Municipal Water |
Land
| AccessType | Road Access |
| Acreage | No |
| Sewer | Municipal Sewage System |
| SizeDepth | 105 Ft ,10 In |
| SizeFrontage | 150 Ft ,2 In |
| SizeIrregular | 0.37 |
| SizeTotal | 0.37 Ac |
| SizeTotalText | 0.37 Ac |
| ZoningDescription | R4 |
https://www.realtor.ca/real-estate/26271227/1592-tenth-line-road-ottawa-queenswood-heights
Interested?
Contact us for more information
Edmundo Roa
Salesperson
343 Preston Street, 11th Floor
Ottawa, Ontario K1S 1N4
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November 11 2023 12:11:37
Ottawa Real Estate Board
Exp Realty