Land · For sale

3055 RICHMOND Road, Britannia Heights - Queensway Terrace N and Area

$999,900

Listing brokerage: RE/MAX HALLMARK REALTY GROUP · MLS® X14120298

Listing brokerage

RE/MAX HALLMARK REALTY GROUP

Type

Land

Deal

For sale

Category

Land · Commercial and industrial land

Size

11,033 sq ft

Lot

137.18 x 119.24 ft

Area

6201 - Britannia Heights

MLS® number

X14120298

Description

Exceptional investment opportunity in the heart of Ottawa's Britannia Heights! This centrally located property comes with Site Plan Approval for 21 residential units and 9 parking spaces, and will be rezoned to R4 on closing. Building permits are expected within 30-60 days, with a construction timeline of just 12-18 months. Situated near the upcoming LRT station and just seconds from the highway, this location offers unmatched convenience. Walking distance to shops, a movie theatre, and Bayshore Shopping Centre-Ottawa's second-largest mall-this is a high-demand area ideal for attracting quality tenants. The property currently includes a home rented at $1,000/month, providing holding income. Significant soft costs have already been covered, including rezoning, engineering reports, ESA, and urban planning. Flexible options available: purchase the land and build yourself, or the vendor can deliver the completed project. With a strong location, transit access, and approvals in place, this is a turnkey development opportunity poised for success. Don't miss out on securing your future in Ottawa's thriving real estate market! Full financial proforma available.