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Home ON Merrickville-Wolford
LT 2 READ STREET E
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LT 2 READ STREET E $1,380,000
3 days ago
$1,380,000
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LT 2 READ STREET E
Merrickville-Wolford, Ontario K0G1N0

MLS® Number: X12316001

Listing Description

This amazing 1.264-acre commercial lot presents a rare and highly desirable opportunity for developers and investors. Fully zoned and site plan approved for a 43-unit rental apartment building, significantly reducing timelines and offering significant income potential All major utilities are available at the street, further simplifying development. The location is exceptionally desirable, just walking distance from the community centre, library, historic locks, shops, restaurants, and patios. This will make renting units easy, as that is what everyone is looking for in a rental. This building is well thought out in its design, and features one and two bedrooms, with an elevator, for anyone who cannot take the stairs. All plans and reports are provided to get you started with your project and adventure. With the potential for CMHC financing approval, this is a standout investment in one of the region's most charming and in-demand areas. Don't miss this turnkey development site in the heart of Merrickville. (40987715)

Location Description

Between Read and St.Patrick. South of Drummond

Property Summary

Property Type
Vacant Land
Community Name
804 - Merrickville
Land Size
1.26 ac
Annual Property Taxes
$0
Time on REALTOR.ca
3 days

Measurements

Square Footage
1 ac

Land

Lot Features
Frontage
55 m
Land Depth
80 m
Other Property Information
Zoning Description
R3
Data provided by: Ottawa Real Estate Board 1826 Woodward Drive, Ottawa, Ontario K2C 0P7

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