ID 738697

6637 BANK STREET, Ottawa, Ontario K0A 2P0

6637 BANK STREET, Ottawa, Ontario K0A 2P0

$1,500,000.00

EXCEPTIONAL VALUE & OPPORTUNITY! This property offers 5.73 acres of Rural Commercial (RC) zoned land with 167 feet of prime frontage on Bank Street. Currently generating income from 10 residential units (1 x 3-bedroom house and 9 bachelor apartments), all rented below market value. Ideal for adding more units, increasing rental income, operating a business, or utilizing the land for storage. The land value alone presents a solid investment, allowing you to bank on future appreciation. Developers can redevelop while collecting rent during planning stages. Post-offer unit viewings are available. Buyer to conduct due diligence on environmental. Rent ... read more

EXCEPTIONAL VALUE & OPPORTUNITY! This property offers 5.73 acres of Rural Commercial (RC) zoned land with 167 feet of prime frontage on Bank Street. Currently generating income from 10 residential units (1 x 3-bedroom house and 9 bachelor apartments), all rented below market value. Ideal for adding more units, increasing rental income, operating a business, or utilizing the land for storage. The land value alone presents a solid investment, allowing you to bank on future appreciation. Developers can redevelop while collecting rent during planning stages. Post-offer unit viewings are available. Buyer to conduct due diligence on environmental. Rent rolls and expense statements are available on request. Don’t miss this rare opportunity in a booming rural setting with huge commercial potential! (id:25417)

  • Listing ID: 1411087
  • Property Type: Vacant Land
Property
Ownership: Freehold
Land Size: 5.73 Ac
Building
HVAC: Fireplace
Utilities: Septic System
Location
City: Ottawa
Province: Ontario

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6637 BANK STREET, Ottawa, Ontario K0A 2P0
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This property, located on BANK Street in Ottawa Ontario, was published on September 10th, 2024. See if this land suits your needs, or speak with an agent about subscribing to similar land. At MoveMeTo.com, we make finding land for sale in Ottawa convenient.