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$ 1,500,000
Est. payment /mo
Active
6637 BANK ST Ottawa, ON K0A 2P0
5.73 Acres Lot
UPDATED:
Key Details
Property Type Other Types
Sub Type Commercial Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1411087
Annual Tax Amount $10,269
Tax Year 2024
Lot Size 5.730 Acres
Property Sub-Type Commercial Land
Property Description
EXCEPTIONAL VALUE & OPPORTUNITY! This property offers 5.73 acres of Rural Commercial (RC) zoned land with 167 feet of prime frontage on Bank Street. Currently generating income from 10 residential units (1 x 3-bedroom house and 9 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!
Location
Province ON
Building
Sewer Septic Installed
Water Drilled Well
Listed by ROYAL LEPAGE TEAM REALTY