$349,900
For sale: Vacant Land

Ultra-rare opportunity to build on a lot in exciting Chinatown/Little Italy. Small lot28.94ft. x 45.44ft. zoned R4UD. Several different development scenarios possible with and without Minor Variances. The seller is an architect and has devised 2 development options, a single, and 2 semis. The seller is open toworking with the buyer and is experienced with municipal approvals. Take a lookat the attachments to get a sense for what would be possible. A ''Walker's Paradise'' and ''Biker's Paradise'' Walkscore of 97 and 95, this lot is only a 10-minute walk from the Pimisi O-train. Nearby dozens of amazing restaurants,shopping, community centre, schools, gyms and yoga studios as well as thedowntown core! The future of Ottawa is smaller and denser housing and this is agreat place to start building!
Sold data
Vacant Land homes in Ottawa took a median of 84 days to sell over the last 90 days, with the quickest quarter selling within 26 days and the slowest quarter taking more than 130, across 31 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 128 days.
The median sale price was $399,000.
Homes sold for about 5.7% below asking on average, so there was room to negotiate.
About 3% of sales closed above the list price.
Around 16% of sellers reduced their price before finding a buyer.
Based on 31 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Ottawa has 217 Fraser Institute–rated schools (174 elementary and 43 secondary), averaging 6.2/10.
School ratings from the Fraser Institute's Ontario school report cards.
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