105-109 HENDERSON AVENUE$2,199,900

#1296157

N/A bed

N/A bath

About the Property

Don't miss the opportunity to own one of the last double development lots in Sandy Hill. 105/109 Henderson Av being offered as a single package to build a 20 unit, 3 story building. The Site Plan has been approved but is not registered and the Building Permit Approval is in the final stage with the city. Zoned R4S. Plans consist of 8 x two bedrooms (estimated at $2500 per month), 8 x one beds (estimated at $2000 per month), 4 x Studios (estimated at $1700 per month). Projected GOI = $513,600. Projected NOI = $359,520. Expenses are estimated at 30%. Over $435,000 has already been paid for soft costs including all plans, permits, land tests, geo tech etc. Close to Ottawa University, Rideau Centre and the Byward market! Plans attached. 48 hours irrevocable on all offers. (id:46641)

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Listing Agent

Tarek El Attar

Salesperson

(613) 733-9494

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Realtor.ca

Property Details

City: Ottawa

Neighbourhood: Sandy Hill

Lot Size: 0.16 ac

Property

Property Type

Vacant Land

Land Size

0.16 ac

Land Depth

101 ft ,3 in

Building

Basement Development

Not Applicable

Basement Type

Unknown (Not Applicable)

Measurements

Additional Info

Listing Contract Date

2022-06-01

Zoning Description

R4S

Contact