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1592 TENTH LINE Road
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$1,950,000 Sale
Listed 19 days ago
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Key Facts
Key facts for 1592 TENTH LINE Road
Property Type
Lots/Land
Parking
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MLS #
1367942
Size
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Basement
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Listed on
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Lot size
150 x 106
Tax
$5,657 /yr
Days on Market
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Year Built
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Maintenance Fee
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Description
Welcome to 1592 Tenth Line Road, an exceptional real estate opportunity in the Orleans neighborhood of Ottawa. This strategically located development lot offers immense potential for investors & developers seeking to create a thriving multi-residential community. The property is perfectly positioned... for the construction of 27 one-bedroom units across two buildings, with underground parking. The existing fourplex on the property, with three of its units currently tenanted, provides immediate income - $42,054 NOI, making this a versatile investment. It's important to note that the fourplex is being sold in "as is" condition, as the true value of this offering lies in the development potential the lot holds. One of the most compelling aspects of this property is its prime location in Orleans. It is conveniently situated near essential amenities, making it an attractive option for future residents. Contact me for more information & to explore the full development package of this property.
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Courtesy of: EXP REALTY

Data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2023 OREB. All rights reserved.