294 SOMERSET STREET E , Ottawa, Ontario K1N6W1
294 SOMERSET STREET E , Ottawa, Ontario K1N6W1
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For Sale

$1,199,900

294 SOMERSET STREET E , Ottawa, Ontario K1N6W1

Remarks

Great location! Close to Ottawa University, Rideau Centre and the Byward market! City plans have been submitted to be approved to build a modern 8 unit building approx. 5500 sq ft AG and 7200 sq ft with basement. 2 x 1 bedrooms ($1650/Monthly), 6 x 2 bedrooms ($2500/Monthly). Use the open concept floor plans and choose modern finishings. Projected GOI= $219,600. NOI = $153,720. Expenses estimated at 30%. Over $300,000 have already been paid for soft costs including all plans, permits, land tests, geo tech etc. Rendering is preliminary version proposed build. Site Plan attached. 24 hours irrevocable on all offers. (id:4314)

Property Summary

  • Neighbourhood: Sandy Hill
  • Lot Frontage: 40.0 Feet
  • Lot Depth: 100.0 Feet
  • Zoning: R4U

Property Features:

  • Amenities Nearby:
    Public Transit , Recreation Nearby , Shopping
  • Property Type:
    Vacant Land
  • Sewer:
    Municipal sewage system

Building Features:

  • Basement Development:
    Not Applicable
  • Basement Type:
    Unknown

Listing courtesy of: 

EXP REALTY

Office Listing: 

Steve Alexopoulos , Broker Tarek El Attar , Salesperson

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