13 Balsam Street, Ottawa, Ontario

$1,025,000

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0.08

Acres

About 13 Balsam Street

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:6289)

Features of 13 Balsam Street

Listing # 1376364
Price $1,025,000
Bathrooms 0.00
Acres 0.08
Type Vacant Land
Sub-Type Freehold

Community Information

Address 13 Balsam Street
Subdivision West Centre Town
City Ottawa
Province Ontario
Postal Code K1R6W6

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement No

Listing Details

OfficeKELLER WILLIAMS INTEGRITY REALTY

Listing Map

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