Location, location, location! 1592 Tenth Line Road, an exceptional 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 info & to explore the full development package of this property. (id:47423)
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Detailed Information
Lot
150.17 x 105.83 ft
Listing Contract Date
2024-03-06
Municipal ID
145180375
Ownership Type
Freehold
Property Type
Vacant Land
Transaction Type
For sale
Zoning Description
R4
Building
Utility Water
Municipal water
Land
Total Size
0.37 acres
Access Type
Road access
Sewer
Municipal sewage system
Size of Irregular Land
0.37
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