6637 BANK STREET$1,600,000

#1375847

N/A bed

N/A bath

About the Property

EXCEPTIONAL SPACE & VALUE!!! A unique investment opportunity awaits in this booming rural setting. Property BEING SOLD FOR LAND VALUE ONLY: 5.39 Acres of Rural Commercial (RC) zoned land with 167 feet of frontage on Prime Bank Street. Currently, 11 income-producing residential units (1 single 3 bed house & 10 Bachelor Apartments) are rented below market rents. This is perfect for adding more units while increasing current rental income, operating a business, utilizing the land as storage, or even simply banking the land & waiting for it's value to increase over time. This is an incredible opportunity for developers to redevelop while collecting rent during the planning stage. Viewing of units available post-offer acceptance. Soil is assumed to be free of hazardous substances; buyer due diligence is required. Rent rolls and expense statements are available upon request. This A+ rural location holds abundant commercial potential; don't miss out! (id:46641)

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Listing Agent

Charles Khouri

Salesperson

(613) 864-3327

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Realtor.ca

Property Details

City: Ottawa

Neighbourhood: Greely

Lot Size: 5.39 ac

Property

Property Type

Vacant Land

Ownership Type

Freehold

Land Size

5.39 ac

Land Depth

970 ft

Building

Measurements

Additional Info

Easement

Unknown

Listing Contract Date

2024-02-07

Zoning Description

RC

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