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707 De L'eglise Street Ottawa, Ontario K1K 3K3

$538,800

CALLING INVESTORS & DEVELOPERS! Fantastic 5661sq ft (45’X131’) property backing onto the St Laurent Complex w/ park/pool/rink/library in prime area under full rejuvenation (R4UA). CLOSE TO OTTAWA GENERAL & Montfort HOSPITALS, St.Laurent Shopping Centre, Ottawa U, Trainyards & so much more. With the possibility of upto 10 UNITS & reduced development costs w/ "More Homes Built Faster Act, 2022"- maximize your ROI w/ decent size units vs micro apts on smaller lots. Don't want to wait? Building permit is already approved for a Five(5) Plex, a 3.5 storey building; Three Above Grade 3bed 2full bath (3X$2500 projected mthly rent) & Two Below Grade 1bed 1bath ($1500 projected) & 3 legal parking spots. Building & demolition permits are ready to pick up. No carrying cost, just get Disconnect clearance, pay the development charges, pick up the permits & start building. Note - Cash in lieu of parkland fee is waived for 5plex project. Imagine the possibilities and MOVE QUICKLY! 24hr Irrevocable. (id:50982)

Property Details

MLS® Number 1317779
Property Type Vacant Land
Neigbourhood Castle Heights

Building

Basement Development Not Applicable
Basement Type Unknown (not Applicable)
Fireplace Present No
Utility Water Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
Size Depth 131 Ft
Size Frontage 45 Ft
Size Irregular 0.14
Size Total 0.14 Ac
Size Total Text 0.14 Ac
Zoning Description R4ua

https://www.realtor.ca/real-estate/25058156/707-de-leglise-street-ottawa-castle-heights

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