$538,800

707 De L’eglise Street, Ottawa, Ontario, K1K3K3

Details

  • Listing ID: 1317779
  • Price: $538,800
  • Address: 707 De L'eglise Street, Ottawa, Ontario K1K3K3
  • Neighbourhood: Castle Heights
  • Property Type: Vacant Land

Description

CALLING INVESTORS & DEVELOPERS! Fantastic 5661sq ft (45’X131’) property backing onto the St Laurent Complex w/ park/pool/rink/library in prime area under full rejuvenation (R4UA). CLOSE TO OTTAWA GENERAL & Montfort HOSPITALS, St.Laurent Shopping Centre, Ottawa U, Trainyards & so much more. With the possibility of upto 10 UNITS & reduced development costs w/ “More Homes Built Faster Act, 2022”- maximize your ROI w/ decent size units vs micro apts on smaller lots. Don’t want to wait? Building permit is already approved for a Five(5) Plex, a 3.5 storey building; Three Above Grade 3bed 2full bath (3X$2500 projected mthly rent) & Two Below Grade 1bed 1bath ($1500 projected) & 3 legal parking spots. Building & demolition permits are ready to pick up. No carrying cost, just get Disconnect clearance, pay the development charges, pick up the permits & start building. Note – Cash in lieu of parkland fee is waived for 5plex project. Imagine the possibilities and MOVE QUICKLY! 24hr Irrevocable. (id:22130)

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