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$ 1,049,000
Est. payment | /mo
$ 1,049,000
Est. payment | /mo
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision 3402 - Vanier
MLS® Listing ID X9519987
Originating Board Ottawa Real Estate Board
Property Description
Build generational wealth by developing your own 12 unit multifamily property. 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 of this design includes: no sprinkler system, available municipal garbage collection, no required accessible units, no common stairway, available on-site parking and more. The efficient design helps minimize maintenance costs and maximizes profitability for future owners, while lowering development charges and construction costs. With the new Zoning By-law amendment, there is potential to add an additional 4 units, for a total of 16 units. No site plan &/or zoning by-law amendment required. Take advantage of federal rebates as well as the available plans which can take you straight to building permit while utilizing CMHC MLI select level 3 program which offers you higher amortization and lower interest payments. Buyer to pay for development charges, and permitting fees. Plans available upon request. Available studies: TIR, Grading, Architectural, Structural layouts, and HVAC (id:24570)
Location
State ON
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Sewer Sanitary sewer
Listed by EXP REALTY
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "