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TBD READ Street WEST, Merrickville, ON, K0G 1N0

MLS® # 1417894
Commercial For Sale In Merrickville, Ontario
$15,000,000 QuickQuoteTM: Not Available
Tbd Read Street West, Merrickville, ON
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ACTIVE
TBD READ Street WEST, Merrickville, ON, K0G 1N0
$15,000,000

Property Information:

Seize the moment with this rare chance to own a meticulously designed 43-unit apartment building, slated for completion by 2026. Whether you're a seasoned investor or looking for a shared investment opportunity, this project offers flexibility and substantial upside potential. With Merrickville experiencing rapid growth and limited rental inventory, this is your chance to enter the market at an opportune time. The building boasts 54 parking spaces, in-unit laundry, ample storage, and is custom-built to seamlessly blend with the area’s rich heritage. Don’t miss this incredible opportunity to secure a foothold in one of the region’s most desirable markets. Call today for more details, investment options, and information!

Property Features:

  • Annual Tax Amount: $0
  • Basement Description: None
  • Built in: 2026
  • Exterior Finish: Stone, Vinyl
  • Fire Protection: Partial Sprinkler System
  • Irregular: Yes
  • Lot Depth: 89.00 Metre
  • Lot Frontage: 71.63 Metre
  • Roofing Type: Tar & Gravel
  • Sewer Type: Sewer Connected
  • Title: Other (See Remarks)
  • Zoning: R4
  • Heating Fuel: Natural Gas
  • Water Supply: Municipal
  • No. of Parking Spaces: 54

Data provided by: Ottawa Real Estate Board 1826 Woodward Drive, Ottawa, Ontario K2C 0P7
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Market Price Trends

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of TBD READ Street WEST, Merrickville, ON, K0G 1N0

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

34 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

34 hot days expected in 2050

55/100

Moderate

ClimateCheck®

Current data

This property, TBD READ Street WEST, experiences 7 hot days per year at around 30.8 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 34 hot days at 34.4 degrees Celsius.

Projected Avg. Temperature

Past
30.8℃
2050
34.4℃

# Hot Days Per Year

Past
7
2050
34

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

64/100

Moderate-High

ClimateCheck®

Current data

This property, TBD READ Street WEST, experiences 11 significant 2-day storms per year, with about 314mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 400mm of precipitation per year.

Precipitation Per Storm

Past
314mm
2050
400mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of TBD READ Street WEST, Merrickville, ON, K0G 1N0

Life Stage

Midlife Families

Employment Type

Mixed

Average Household Income

$140,502.75

Average Number of Children

1.79

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.09 %

High school certificate or equivalent

28.35 %

Apprenticeship trade certificate/diploma

8.32 %

College/non-university certificate

28.35 %

University certificate (below bachelor)

0.15 %

University Degree

20.75 %

Commuter

Travel To Work

By Car

85.11 %

By Public Transit

0.0 %

By Walking

12.47 %

By Bicycle

0.0 %

By Other Methods

2.42 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

22.41 %

Houses

77.59 %

Own Vs. Rent

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