1592 Tenth Line Road, Ottawa, Ontario K1E 2H8 (26271227)


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1592 Tenth Line Road Ottawa, Ontario K1E 2H8

$1,950,000

Welcome to 1592 Tenth Line Road, an exceptional real estate opportunity in the Orleans neighborhood of Ottawa. This strategically located development lot offers immense potential for investors & developers seeking to create a thriving multi-residential community. The property is perfectly positioned for the construction of 27 one-bedroom units across two buildings, with underground parking. The existing fourplex on the property, with three of its units currently tenanted, provides immediate income - $42,054 NOI, making this a versatile investment. It's important to note that the fourplex is being sold in "as is" condition, as the true value of this offering lies in the development potential the lot holds. One of the most compelling aspects of this property is its prime location in Orleans. It is conveniently situated near essential amenities, making it an attractive option for future residents. Contact me for more information & to explore the full development package of this property. (id:37611)

Property Details

MLS® Number 1367942
Property Type Vacant Land
Neigbourhood Queenswood Heights

Building

Utility Water Municipal Water

Land

Access Type Road Access
Acreage No
Sewer Municipal Sewage System
Size Depth 105 Ft ,10 In
Size Frontage 150 Ft ,2 In
Size Irregular 0.37
Size Total 0.37 Ac
Size Total Text 0.37 Ac
Zoning Description R4

https://www.realtor.ca/real-estate/26271227/1592-tenth-line-road-ottawa-queenswood-heights

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