Acreage
$1,600,000
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:48414)
Property Details
MLS® Number
|
1375847 |
Property Type
|
Vacant Land |
Neigbourhood
|
Greely |
Easement
|
Unknown |
Building
Utility Water
|
Drilled Well |
Land
Access Type
|
Road Access, Highway Access |
Acreage
|
Yes |
Sewer
|
Septic System |
Size Depth
|
970 Ft |
Size Frontage
|
167 Ft |
Size Irregular
|
5.39 |
Size Total
|
5.39 Ac |
Size Total Text
|
5.39 Ac |
Zoning Description
|
Rc |
https://www.realtor.ca/real-estate/26494389/6637-bank-street-ottawa-greely