Exceptional investment opportunity in the heart of Ottawa's Britannia Heights! This centrally located property comes with Site Plan Approval for 21 residential units and 9 parking spaces, and will be rezoned to R4 on closing. Building permits are expected within 30-60 days, with a construction timeline of just 12-18 months. Situated near the upcoming LRT station and just seconds from the highway, this location offers unmatched convenience. Walking distance to shops, a movie theatre, and Bayshore Shopping Centre-Ottawa's second-largest mall-this is a high-demand area ideal for attracting quality tenants. The property currently includes a home rented at $1,000/month, providing holding income. Significant soft costs have already been covered, including rezoning, engineering reports, ESA, and urban planning. Flexible options available: purchase the land and build yourself, or the vendor can deliver the completed project. With a strong location, transit access, and approvals in place, this is a turnkey development opportunity poised for success. Don't miss out on securing your future in Ottawa's thriving real estate market!
| MLS # | X13550012 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 54 |
| Listing Provided By | RE/MAX HALLMARK REALTY GROUP | X13550012 504301 |
| SQ Feet | 11,033 |
|---|---|
| Acreage | 0.25 |
| Community Features | Greenbelt/Conservation, Major Highway |
|---|
| Utilities | Yes |
|---|---|
| Sewer | Sanitary |
| Tax Annual Amount | 4869.18 |
|---|---|
| Tax Type | Annual |
| Tax Legal Description | LT 25 PLAN 523 S/T CR473392 OTTAWA |
| Tax Year | 2025 |
| Province | ON |
|---|---|
| County | Ottawa |
| City | Britannia Heights - Queensway Te |
| Postal Code | K2B 6S6 |
| Area | 6201 Britannia Heights |
| Listing VS Median (in K2B 6S6) | |
Price: $1,049,000 low | high Med: $1,049,000 sqft: 11,033 low | high Med: 11,033 $ / sqft: $95 low | high Med: $95 On site: 54 low | high Med: 54 | |
| Province | ON |
|---|---|
| County | Ottawa |
| City | Britannia Heights - Queensway Te |
| Postal Code | K2B 6S6 |
| Area | 6201 Britannia Heights |
| Listing VS Median (in K2B 6S6) | |
Price: $1,049,000 low | high Med: $1,049,000 sqft: 11,033 low | high Med: 11,033 $ / sqft: $95 low | high Med: $95 On site: 54 low | high Med: 54 | |