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270-274 Montreal Road Ottawa, Ontario K1L 6C3

$3,000,000

Located in the heart of Vanier, this listing has excellent development potential! A Massing Study outlines the possibilities for the two lots when merged (combined frontage of 110 feet and depth of 100 feet). The study states that the property is zoned to develop a 6-storey, 31-unit mix-use building. Additional development potential above that (i.e., additional storeys) is possible under certain conditions. The property is in the Montreal Road Community Improvement Plan (CIP) district. The CIP is a grant program that provides incentives for property owners along Montreal Road to upgrade their properties. More information can be found on the City of Ottawa website. Vanier is located just a few kilometers east of downtown Ottawa. This rapidly developing area features cycling and walking paths along the Rideau River. It offers a wide range of independent shops, mainly along Montreal Road and lively Beechwood Avenue on Vaniers northern edge. Book your showing today! (id:48621)

Property Details

MLS® Number 1273763
Property Type Vacant Land
Neigbourhood Vanier

Building

Utility Water Municipal Water

Land

Access Type Road Access
Acreage No
Sewer Municipal Sewage System
Size Depth 99 Ft
Size Frontage 55 Ft ,3 In
Size Irregular 0.13
Size Total 0.13 Ac
Size Total Text 0.13 Ac
Zoning Description Tm3

https://www.realtor.ca/real-estate/23916992/270-274-montreal-road-ottawa-vanier