$5,500,000

Commercial For Sale In Vanier North, Ottawa, Ontario

$5,500,000

Property Information:

25000 SF development land fronting on three streets Montreal Rd. Durocher, St Paul. Major node to Vanier and Beechwood. The property has two buildings and a car lot. Land assembly of three properties.143 Montreal Rd. car lot 50 x 100 Ft, 149-159 Montreal Rd. 100x100 ft. restaurant on main floor , apartments on the second floor, 168-270 Durocher, 100x100ft one storey building two tenants. All leased with a demo clause. Gross income $249,648, Net income $147,508. Price is not based on NOI it is based on a conservative development potential of retail on the main floor and apartments above.current zoning TM 3 in the front half, TM in the back half.

Property Features:

  • Annual Tax Amount: $40,000
  • Irregular: Yes
  • Lot Depth: 60.96 Metre
  • Lot Frontage: 45.72 Metre
  • Road Access: City Street
  • Sewer Type: Sewer Connected
  • Title: Freehold
  • Zoning: TM3,TM
  • Water Supply: Municipal

Courtesy of: Royal LePage Performance Realty

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