20 Mountain Crescent, Ottawa, Ontario K1V8S5

Listing courtesy of COLDWELL BANKER SARAZEN REALTY.

$7,950,000
List Price
$7,950,000
MLS®
1291805
Days on Market
51
Status
ACTIVE
Type
Land
Subtype
Vacant Land
Lot Size
14,810
Subdivision
South Keys

Property Description

Transit Oriented Development Opportunity - available is a "fully entitled" development proposing a 12 storey building with 148 residential apartment units. Site plan approved, ready for permit. Comprised predominantly of 1+den and 2 bdrm units, with car parking (92) and bike parking (82). The infill site is immediately adjacent to the South Keys LRT station and Shopping Centre, and is just one block from both Hunt Club Rd and Bank St. It is an easy walk to an array of nearby amenities and services. Demand in the area is strong for new rental product, with limited or no competition of new rental inventory providing direct access to the LRT. The subject is situated just ±350 metres from the South Keys Station. The South Keys Shopping Centre is set to transition from the dated box centre with a a re-envisioned development for an enhanced and densified hub for the community. The Ottawa market for rentals remains strong with low vacancy rates while rental rates have risen dramatically. (id:2579)

Additional Information

Ownership
Freehold
Subdivision
South Keys
Country
Canada
Sewer
Municipal sewage system
Frontage Length
134 ft ,10 in
Lot Size
14,810

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Calculator source: Real Geeks