20 MOUNTAIN CRESCENT$7,650,000

Transit Oriented Development Opportunity - Fully entitled, site plan registered and ready for permit development with up to $1,178,000 in savings against soft cost increases, proposing a 12 storey building with 148 residential apartment units. Comprised predominantly of 1+den and 2 bdrm units, with car (92) and bike parking (82). The infill site is immediately adjacent to the South Keys LRT station and Shopping Centre, one block from both Hunt Club Rd and Bank St. It is an easy walk to an array of nearby amenities and services. Demand in the area is strong for new rental product with limited or no competition of new rental inventory providing direct access to the LRT. The subject is situated just ±350 metres from the South Keys Station. The South Keys Shopping Centre is set to transition from the dated box centre with a re-envisioned development for an enhanced and densified hub for the community. The Ottawa rental market remains strong resulting in a dramatic increase in rental rates. (id:46641)