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259 Bradley Av

0.14 Acres of Residential Land Offered at $740,051 USD in Ottawa, ON K1L 7E8

Residential Land & Home Lots Ontario Ottawa 259 Bradley Av, Ottawa, ON K1L 7E8

Investment Highlights

  • Double Size Lot
  • Additional 3rd Unit
  • Downtown Location

Executive Summary

Build generational wealth by building your own 12 unit multifamily property post committee of adjustment approval. Experienced Planners and Builders have created this unique layout so that the end user can save upwards of $100k+ in development charges, cash-in-lieu fees, and more compared to a traditional purpose built 12-16 unit building while enjoying the same rental income. Other advantages include: no sprinkler system, municipal garbage collection, no accessible units, no common stairway, available on-site parking and more. The property’s efficient design helps minimize maintenance costs and maximizes profitability for future owners. With the new Zoning By-law amendment, there is potential to add an additional 4 units, to a total of 16 units as basement units will be undeveloped. No site plan &/or zoning by-law amendment required. Status: Pending Committee of adjustment approval.

Property Facts

Price $740,051 USD Property Type Land
Sale Type Investment or Owner User Property Subtype Residential
No. Lots 1 Total Lot Size 0.14 AC
Price $740,051 USD
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 0.14 AC

1 Lot Available

Lot

Price $740,051 USD Lot Size 0.14 AC
Price Per AC $5,141,421 USD
Price $740,051 USD
Price Per AC $5,141,421 USD
Lot Size 0.14 AC

Description

Attention Developers, Investors and First-time Buyers!! OPPORTUNITY FOR QUICK 46% ROI - ASK FOR DETAILS. Duplex with ADDITIONAL 3rd unit on massive 66 x 95 ft lot. 2 lots for the price of 1!! Take advantage of the new federal government (GST) rebate on new qualifying rental. Just a short 10-minute drive to downtown Ottawa. Property zoned R4UA which offers plenty of development options. Draft concept for 8 unit development options available for review. All 3 units consist of 2 bedrooms and 1 bathroom. Unit 3 features balcony while unit 2 offers walk-out deck in rear. Parking for all 3 units. Rents are significantly below market value. Unit 1 currently left vacant, Unit 2 $1,295 + hydro, and Unit 3 $836 + hydro. On turnover, with a quick refresh, rents can be increased substantially.

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Walk Score ®
Walker's Paradise (92)
Bike Score ®
Very Bikeable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

zoning

Zoning Code R4UA
R4UA
(613) 850-0663

  • Listing ID: 29231966

  • Date on Market: 8/9/2023

  • Last Updated:

  • Address: 259 Bradley Av, Ottawa, ON K1L 7E8

The Land Property at 259 Bradley Av, Ottawa, ON K1L 7E8 is currently available For Sale. Contact eXp Realty for more information.

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259 Bradley Av
(613) 850-0663 x

259 Bradley Av

Armin Khamsehzadeh

(613) 850-0663

(613) 850-0663

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