Exceptional investment opportunity situated in the heart of North Gower, with strong future development potential. This land assembly, located at the intersection of Roger Stevens and Fourth Line, is comprised of two triplex buildings, (both fully tenanted) and a commercially zoned parking lot between them. The parking lot can hold 10-12 vehicles and has an outbuilding, presently used for storage. This site boasts enormous potential for future development and provides a solid Return on Investment in the meantime. Zoned Village Mixed Use (VM) provides great flexibility for both commercial and residential uses.
LT 46 PL 628 N GOWER; PT LT 45 PL 628 N GOWER AS IN N505923; RIDEAU LT 45 PL 628 N GOWER EXCEPT N505923; RIDEAU LT 43 PL 628 N GOWER; RIDEAU
Occupancy
Tenant
Possession Date
TBD
Taxes (2024)
$8,472
Directions/Cross Streets
Turn right onto Prince of Wales Dr; At the roundabout, take the 2nd exit onto Prince of Wales Dr; Turn left onto Fourth Line Rd; Continue to follow Fourth Line Rd; Destination will be on the left
Neighbourhood
8009 - North Gower
Area
Ottawa
Price History
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Detailed Information
Freestanding
Y
Parking Spaces
16
Heat Type
Baseboard
Financial Statement
Y
Gross Income/Sales
$95,820
Net Income Before Debt
$71,629
Expenses Actual/Estimated
Est
Sewers
Septic
Water Supply Types
Drilled Well
Water
Well
Zoning
VM Village Mixed Use
Seller Property Info Statement
N
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