6637 BANK Street, Ottawa, ON, K0A 2P0

$1,500,000

MLS® # 1411087

Commercial For Sale In Metcalfe, Ottawa, Ontario

$1,500,000

Property Information:

EXCEPTIONAL VALUE & OPPORTUNITY! This property offers 5.39 acres of Rural Commercial (RC) zoned land with 167 feet of prime frontage on Bank Street. Currently generating income from 11 residential units (1 x 3-bedroom house and 10 bachelor apartments), all rented below market value. Ideal for adding more units, increasing rental income, operating a business, or utilizing the land for storage. The land value alone presents a solid investment, allowing you to bank on future appreciation. Developers can redevelop while collecting rent during planning stages. Post-offer unit viewings are available. Buyer to conduct due diligence on environmental. Rent rolls and expense statements are available on request. Don’t miss this rare opportunity in a booming rural setting with huge commercial potential!

Property Features:

  • Annual Tax Amount: $9,997
  • Irregular: Yes
  • Lot Depth: 295.66 Metre
  • Lot Frontage: 50.90 Metre
  • Restrictions: Unknown, Unknown
  • Road Access: City Street, Highway
  • Sewer Type: Septic Installed
  • Title: Freehold
  • Zoning: RC
  • Water Supply: Drilled Well

Courtesy of: Royal LePage Team 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

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