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LOADING

6637 Bank Street Ottawa, Ontario K0A 2P0

Acreage

$1,600,000

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! (id:48621)

Property Details

MLS® Number 1375847
Property Type Vacant Land
Neigbourhood Greely
Easement Unknown

Building

Utility Water Drilled Well

Land

Access Type Road Access, Highway Access
Acreage Yes
Sewer Septic System
Size Depth 970 Ft
Size Frontage 167 Ft
Size Irregular 5.39
Size Total 5.39 Ac
Size Total Text 5.39 Ac
Zoning Description Rc

https://www.realtor.ca/real-estate/26494389/6637-bank-street-ottawa-greely