Alison Edwards Real Estate Broker

13 BALSAM STREET
Ottawa, Ontario K1R6W6

$999,900

ID# 1376364
A shovel-ready 8-unit apartment building development opportunity in Centretown West, Ottawa. This sale includes the lot, site-plan approval documents, survey, all required reports and studies and full architectural working drawings. The cost of construction has been estimated to be $1,900,000 by professional contractors and is variable depending on your particular construction and material choices. The existing building is vacant, boarded and ready for demolition. The approved design provides for seven two bedroom apartments and a single one bedroom apartment. The design has an entrance ramp for disability access on the ground floor. Simply acquire the building permit and begin construction. The estimated market value of the development when completed and fully occupied with tenants paying market rent is projected to be greater than $3,530,000. This is a great opportunity for a builder to create a profitable development to hold as an investment or sell for a profit. (id:25961)
Courtesy of KELLER WILLIAMS INTEGRITY REALTY

Listed on: February 05, 2024

On market: 282 days
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Address Price Bed Bath SqFt Area Sub Area Brokerage
274 MURRAY STREET Ottawa
274 MURRAY STREET
 $574,900 2 1 14.27 ft X 100.66 ft Ottawa Lower Town EXP REALTY
838 REGULUS RIDGE Ottawa
838 REGULUS RIDGE
 $2,995 3 3 36.77 ft X 88.59 ft Ottawa Half Moon Bay KELLER WILLIAMS INTEGRITY REALTY
11 STILLWATER DRIVE Ottawa
11 STILLWATER DRIVE
 $800,000 3 1 65 ft X 100 ft Ottawa Crystal Beach ENGEL & VOLKERS OTTAWA
192 FELICITY CRESCENT Ottawa
192 FELICITY CRESCENT
 $829,900 2 3 37.4 ft X 93.5 ft Ottawa Mer-Bleu / Bradley Estates RE/MAX HALLMARK REALTY GROUP
2276 BROCKSTONE CRESCENT Ottawa
2276 BROCKSTONE CRESCENT
 $599,000 3 3 20.34 ft X 125.49 ft Ottawa Avalon KELLER WILLIAMS INTEGRITY REALTY
509 BRIERWOOD AVENUE Ottawa
509 BRIERWOOD AVENUE
 $4,000 4 3 * ft X * ft Ottawa Westboro ROYAL LEPAGE TEAM REALTY
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