EXCEPTIONAL VALUE & OPPORTUNITY! This property offers 5.39 acres of Rural Commercial (RC) zoned land with 167 feet of prime frontage on Bank Street. Currently generating income from 11 residential units (1 x 3-bedroom house and 10 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:50886)
MLS® Number | 1411087 |
Property Type | Vacant Land |
Neigbourhood | Greely |
Easement | Unknown |
UtilityWater | Drilled Well |
AccessType | Road Access, Highway Access |
Acreage | Yes |
Sewer | Septic System |
SizeDepth | 970 Ft |
SizeFrontage | 167 Ft |
SizeIrregular | 5.39 |
SizeTotal | 5.39 Ac |
SizeTotalText | 5.39 Ac |
ZoningDescription | Rc |
https://www.realtor.ca/real-estate/27395245/6637-bank-street-ottawa-greely
Contact us for more information
Charles Khouri
Salesperson