6637 BANK Street, Ottawa, Ontario K0A2P0

Listing courtesy of ROYAL LEPAGE TEAM REALTY.

$1,600,000
List Price
$1,600,000
MLS®
1375847
Days on Market
164
Status
ACTIVE
Type
Land
Subtype
Vacant Land
Lot Size Dimensions
5.39
Lot Size
234,788
Subdivision
Greely

Property Description

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:5764)

Additional Information

Ownership
Freehold
Subdivision
Greely
Country
Canada
Sewer
Septic System
Lot Size
234,788

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