Grow Your Real Estate portfolio with this 20 Unit Project in West Ottawa
Attention Investors and Developers. Rare opportunity to own this large piece of land 0.275 acres ( 66 x 180.6 Feet with AM Zoning) with siteplan plan approval with 20 units and 17 parking spaces which is not seen so much. Prime location for development as next to major road Carling Ave, Britannia Beech, Andrew Haydon Park, Nepean Sailing Club, Bayshore Mall and very close to the future LRT station making this a great spot for future rentals and growth for a project with this size.
Build a solid investment in a great location next to large attractions within walking distance whcih can help with long term rentibilty and investment growth.All the work done for you to be ready to be build ready. Location, Size, Potential and being build ready is what makes this perfect for your next project.
Location Location Location - Britannia Heights Ottawa
One of the best parts of this property is the perfect location because it is WALKING distance to MASSIVE anchors such as : Britannia Beach, Bay Shore Mall, Transit Station and future LRT Stage 2 Expansion, Nepean Sailing Club, Brittania Yatch Club, over 50 Food establishments and a movie theatre and this lot backs directly onto a Public park . Alot of properties are close to a few large anchors but this property is walking distance to many large anchors plus we are also a 5 minute drive to the Queensway Carleton Hospital, Highway 417 Access, Ikea, DND Nation Defence , Kanata High Tech centre and only 20 minutes to Centretown.
Why you should build at 817 Roseview in Ottawa?
- Large Lot with AM Zoning allows for 15 Parking spots + 2 vistor parkings which is rare
- Location is walking distance to major Anchors which helps with rentability and rental price
- Building is equipped with Storage lockers, bike storage, elevator, Roof Top terrace and secuirty features with FOB system
- All work is done already to start project right away without holding time
- Ottawa remains a strong market with alot of potential as it continues to grow in population, income and High Tech Sector
- Ottawa historicaly has been one of the stablest markets in Canada because of its Government sector jobs being the capital city
- Great price at $1,499,880 for land of this size with siteplan Approvals
Potential Rental Information and Building Income
|Type of Unit||Quantity||Rent per unit||Total Rent|
|1 Bed room||10||$1550||$15,500|
|Grand Total Monthly Gross Income||$34,500|
|Total Yearly Gross Income potential|
|Net Operating Income:||$314,380|
|Property Management 6%||$24,120|
|Reapairs and Maintenace - Snow Removal||$7,500|
|Total Expenes Yearly||$99620|
Now is a great time to get into the Ottawa Commercial Market and with a project ready land of this size in a popular and ideally located area it just makes sense. Ottawa's Real Estate Market and Population are going to keep growing and the demand for housing rentals like this is in high demand. We beleive that when all said and done this building will be worth around $8,500,000 when it is complete allowing room for a developer to buy, build, refinance out of this project once complete but please do your own due diligence
Please contact us with any questions or if you would like to do a walk on the lot
Sorin Vaduva Real Estate - Ottawa's Realtor of Choice for Investors