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