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143-159 Montreal Road Ottawa, Ontario K1L 6E8

$5,500,000

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. (id:35885)

Property Details

MLS® Number 1409440
Property Type Vacant Land
Neigbourhood Vanier

Building

Utility Water Municipal Water

Land

Access Type Road Access
Acreage No
Sewer Municipal Sewage System
Size Depth 200 Ft
Size Frontage 150 Ft
Size Irregular 0.57
Size Total 0.57 Ac
Size Total Text 0.57 Ac
Zoning Description Tm3,tm

https://www.realtor.ca/real-estate/27346932/143-159-montreal-road-ottawa-vanier

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August 31 2024 01:11:54

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