6637 Bank Street Ottawa, Ontario K0A 2P0
$1,600,000
EXCEPTIONAL SPACE & VALUE!!! A unique investment opportunity awaits in this booming rural setting. Property BEING SOLD FOR LAND VALUE ONLY: 5.39 Acres of Rural Commercial (RC) zoned land with 167 feet of frontage on Prime Bank Street. Currently, 11 income-producing residential units (1 single 3 bed house & 10 Bachelor Apartments) are rented below market rents. This is perfect for adding more units while increasing current rental income, operating a business, utilizing the land as storage, or even simply banking the land & waiting for it's value to increase over time. This is an incredible opportunity for developers to redevelop while collecting rent during the planning stage. Viewing of units available post-offer acceptance. Soil is assumed to be free of hazardous substances; buyer due diligence is required. Rent rolls and expense statements are available upon request. This A+ rural location holds abundant commercial potential; don't miss out! (id:37072)
Property Details
| MLS® Number | 1375847 |
| Property Type | Vacant Land |
| Neigbourhood | Greely |
| Easement | Unknown |
Building
| UtilityWater | Drilled Well |
Land
| AccessType | Road Access, Highway Access |
| Acreage | Yes |
| Sewer | Septic System |
| SizeDepth | 970 Ft |
| SizeFrontage | 167 Ft |
| SizeIrregular | 5.39 |
| SizeTotal | 5.39 Ac |
| SizeTotalText | 5.39 Ac |
| ZoningDescription | Rc |
https://www.realtor.ca/real-estate/26494389/6637-bank-street-ottawa-greely
Interested?
Contact us for more information
Charles Khouri
Salesperson
1723 Carling Avenue, Suite 1
Ottawa, Ontario K2A 1C8
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April 24 2024 04:57:05
Ottawa Real Estate Board
Royal LePage Team Realty