$1,600,000

Commercial For Sale In Metcalfe, Ottawa, Ontario

$1,600,000

Property Information:

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!

Property Features:

  • Annual Tax Amount: $9,997
  • Irregular: Yes
  • Lot Depth: 295.66 Metre
  • Lot Frontage: 50.90 Metre
  • Restrictions: Unknown, Unknown
  • Road Access: City Street, Highway
  • Sewer Type: Septic Installed
  • Title: Freehold
  • Zoning: RC
  • Water Supply: Drilled Well

Courtesy of: Royal LePage Team Realty

Data provided by: Ottawa Real Estate Board 1826 Woodward Drive, Ottawa, Ontario K2C 0P7
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved