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$ 1,049,000
Est. payment /mo
Active
3055 RICHMOND RD Britannia Heights - Queensway Terrace N And Area, ON K2B 6S6
UPDATED:
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision 6201 - Britannia Heights
MLS Listing ID X13550012
Annual Tax Amount $4,869
Tax Year 2025
Property Sub-Type Land
Lot Depth 119.24
Lot Front 137.18
Property Description
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!
Location
Province ON
County Ottawa
Area Ottawa
Exterior
Community Features Greenbelt/Conservation, Major Highway
Utilities Available Yes
Lot Frontage 137.18
Lot Depth 119.24
Others
ParcelsYN No
Listed by RE/MAX HALLMARK REALTY GROUP
NEARBY SCHOOLS & PROPERTIES

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