6637 Bank Street Ottawa, Ontario K0A 2P0
$1,600,000
EXCEPTIONAL SPACE & VALUE!!! A unique investment opportunity awaits in this booming rural setting. Property BEING SOLD FOR LAND VALUE ONLY: 5.39 Acres of Rural Commercial (RC) zoned land with 167 feet of frontage on Prime Bank Street. Currently, 11 income-producing residential units (1 single 3 bed house & 10 Bachelor Apartments) are rented below market rents. This is perfect for adding more units while increasing current rental income, operating a business, utilizing the land as storage, or even simply banking the land & waiting for it's value to increase over time. This is an incredible opportunity for developers to redevelop while collecting rent during the planning stage. Viewing of units available post-offer acceptance. Soil is assumed to be free of hazardous substances; buyer due diligence is required. Rent rolls and expense statements are available upon request. This A+ rural location holds abundant commercial potential; don't miss out! (id:44788)
Property Details
| MLS® Number | 1375847 |
| Property Type | Vacant Land |
| Neigbourhood | Greely |
| Easement | Unknown |
Building
| Utility Water | Drilled Well |
Land
| Access Type | Road Access, Highway Access |
| Acreage | Yes |
| Sewer | Septic System |
| Size Depth | 970 Ft |
| Size Frontage | 167 Ft |
| Size Irregular | 5.39 |
| Size Total | 5.39 Ac |
| Size Total Text | 5.39 Ac |
| Zoning Description | Rc |
https://www.realtor.ca/real-estate/26494389/6637-bank-street-ottawa-greely
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Ottawa Real Estate Board
Royal LePage Team Realty
March 14 2024 03:12:12
