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1592 Tenth Line Rd 0.37 Acres of Commercial Land Offered at $1,500,000 CAD in Ottawa, ON K1E 2H8
Investment Highlights
- High Demand for Rentals: Orleans has a growing population and increasing demand for rental properties, making it an attractive market.
- Close to Groceries and Shopping: Tenants will benefit from being near grocery stores and shopping centers, such as the Place d'Orleans Shopping
- The property is close to the Ray Friel Recreation Complex, providing tenants with easy access to fitness facilities, swimming pools, ice rinks.
- Prime Location: The lot's location on Tenth Line Road offers excellent accessibility to public transportation, major roads, and highways.
- Underground Parking: Including underground parking adds significant value to the property, providing tenants with secure, weather-protected parking
- Accessibility to Amenities: In addition to recreation and shopping, the area is also near schools, parks, and healthcare facilities.
Executive Summary
Location, location, location! Welcome to 1592 Tenth Line Road, an exceptional real estate opportunity in Orleans! Fourplex, with three of its units currently tenanted, provides immediate income - $38,201 NOI while you wait to develop in the near future! It's important to note that the fourplex is being sold in"as is" condition, as the true value of this offering lies in the development potential the lot holds. Site plan for the construction of 27 one-bedroom units across two buildings, with underground parking. This strategically located development lot offers great potential for investors and developers seeking to create a thriving multi-residential community. One of the most compelling aspects of this property is its prime location. It is conveniently situated near essential amenities such as the Ray Friel Rec Complex, groceries, & shopping, making it an attractive option for future residents. Contact me for more information & to explore the full development package of this property.
Property Facts
| Price | $1,500,000 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 0.37 AC |
| Property Type | Land | ||
| Zoning | R4 - Residential | ||
| Price | $1,500,000 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.37 AC |
| Zoning | R4 - Residential |
1 Lot Available
Lot
| Price | $1,500,000 CAD | Lot Size | 0.37 AC |
| Price Per AC | $4,054,054.05 CAD |
| Price | $1,500,000 CAD |
| Price Per AC | $4,054,054.05 CAD |
| Lot Size | 0.37 AC |
Description
Approved for 27 unit multi-residential use
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
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1592 Tenth Line Rd
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