270-274 MONTREAL ROAD , Ottawa Ontario K1L6C3

Sale $3,000,000  | 
Listing # 1273729
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Listing courtesy of: 

EXP REALTY  |  Phone: (613) 614-5386

For more information, please contact:
André Major

André Major

Broker

Phone: 613-262-0606

http://andremajor.com

EXP Realty of Canada Inc., Brokerage (Independently owned and operated)

Brokerage

11th Floor - 343 Preston ST
Ottawa,  ON K1S 1N4

Remarks:

Located in the heart of Vanier, this listing has excellent development potential! A Massing Study outlines the possibilities for the two lots when merged (combined frontage of 110 feet and depth of 100 feet). The study states that the property is zoned to develop a 6-storey, 31-unit mix-use building. Additional development potential above that (i.e., additional storeys) is possible under certain conditions. The property is in the Montreal Road Community Improvement Plan (CIP) district. The CIP is a grant program that provides incentives for property owners along Montreal Road to upgrade their properties. More information can be found on the City of Ottawa website. Vanier is located just a few kilometers east of downtown Ottawa. This rapidly developing area features cycling and walking paths along the Rideau River. It offers a wide range of independent shops, mainly along Montreal Road and lively Beechwood Avenue on Vaniers northern edge. Book your showing today! (id:7526)

Investment

Neighbourhood: Vanier
Lot Frontage: 55.3 Feet
Lot Depth: 99.0 Feet
Lot Size: 55.25 ft X 99 ft
No. of Parking Spaces: 6
Zoning: TM3

Property Features:

Lease Type: Lease Type
Parking Type: Surfaced
Property Type: Multi-family
Sewer: Municipal sewage system

Building Features:

Basement Development: Unfinished
Basement Type: Full
Building Type: Fourplex
Construction Style - Attachment: Attached
Cooling Type: None
Exterior Finish: Brick , Stucco
Flooring Type : Tile , Vinyl
Heating Fuel: Electric
Heating Type: Baseboard heaters