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$ 5,500,000
Est. payment /mo
Active
143-159 MONTREAL RD Ottawa, ON K1L 6E8
0.57 Acres Lot
UPDATED:
Key Details
Property Type Other Types
Sub Type Commercial Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1409440
Annual Tax Amount $40,000
Tax Year 2024
Lot Size 0.568 Acres
Property Sub-Type Commercial Land
Property Description
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.
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.
Location
Province ON
Building
Sewer Sewer Connected
Water Municipal
Listed by ROYAL LEPAGE PERFORMANCE REALTY