$11,500,000
For sale: Vacant Land

Site plan-approved 24-storey mixed-use redevelopment opportunity featuring 175 residential units, ground-floor commercial space, a five-storey podium and underground parking. Situated on a 0.49-acre corner lot at Carling Avenue and Archibald Street, the property offers approximately 130 feet of Carling Avenue frontage directly across from Westgate Shopping Centre. Located within an established residential, commercial and healthcare corridor, the site provides developers with a defined high-rise development opportunity in Ottawa's evolving Carling Avenue corridor. Seller is open to a Vendor Take Back pending terms. ADDITIONAL DETAILS FOUND IN "MORE INFORMATION" LINK BELOW.
Sold data
Homes in Ottawa took a median of 26 days to sell over the last 90 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 50, across 2,342 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 45 days.
The median sale price was $649,000.
Homes sold for about 2.1% below asking on average, so there was room to negotiate.
About 11% of sales closed above the list price.
Around 22% of sellers reduced their price before finding a buyer.
Based on 2,342 recorded sales in the last 90 days. 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.
Currently for sale

$4,075,200
Vacant Land2591 CARP ROAD, 9104 - Huntley Ward (South East), Ottawa

$12,995,000
Vacant Land1876 CONCSSION 17 ROAD, 605 - The Nation Municipality, The Nation

$10,400,000
Vacant Land0 COUNTY ROAD 17 HIGHWAY, 614 - Champlain Twp, Champlain

$10,800,000
Vacant Land0 ST ANTOINE STREET, 717 - Cornwall, Cornwall

$30,000,000
Vacant LandLT15-16 COUNTY ROAD 1 W, 58 - Greater Napanee, Greater Napanee

$4,900,000
Vacant Land5667 OLD RICHMOND ROAD W, 7807 - Fallowfield, Ottawa

$4,750,000
Vacant Land3775 ST JOSEPH BOULEVARD, 1103 - Fallingbrook/Ridgemount, Ottawa

$4,500,000
Vacant Land221 ECHO DRIVE, 4406 - Ottawa East, Ottawa