270-274 MONTREAL ROAD$3,000,000

#1273729

N/A bed

N/A bath

About the Property

Located in the heart of Vanier, this listing has excellent development potential! A Massing Study outlines the possibilities for the two lots when merged (combined frontage of 110 feet and depth of 100 feet). The study states that the property is zoned to develop a 6-storey, 31-unit mix-use building. Additional development potential above that (i.e., additional stroeys) is possible under certain conditions. The property is in the Montreal Road Community Improvement Plan (CIP) district. The CIP is a grant program that provides incentives for property owners along Montreal Road to upgrade their properties. More information can be found on the City of Ottawa website. Vanier is located just a few kilometers east of downtown Ottawa. This rapidly developing area features cycling and walking paths along the Rideau River. It offers a wide range of independent shops, mainly along Montreal Road and lively Beechwood Avenue on Vaniers northern edge. Book your showing today! (id:46641)

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Listing Agent

Kevin Cosgrove

Salesperson

(613) 614-5386

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Property Details

City: Ottawa

Neighbourhood: Vanier

Property

Property Type

Multi-family

Land Depth

99 ft

Building

Basement Development

Unfinished

Basement Type

Full (Unfinished)

Storeys

2

Building Style

Fourplex

Exterior Finish

Brick, Stucco

Heating Type

Baseboard heaters

Cooling Type

None

Parking Space Total

6

Measurements

Additional Info

Lease Type

Other, See Remarks

Listing Contract Date

2022-01-04

Zoning Description

TM3

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