$769,900
For sale: Vacant Land

INVESTORS, DEVELOPERS & BUILDERS - Rare opportunity in Ottawa's sought-after Carlington neighbourhood. Situated on a spacious 50 x 99 ft lot, this property offers exceptional redevelopment potential in a central, well-connected location. The existing building has been demolished, so take advantage and speed up application for MLI select financing. Plans are already in place for a proposed 6-10 unit development, offering investors and developers an opportunity to take advantage of the area's strong rental demand and explore significant income-generating potential. Possibility of 12 units being built as well. Whether you're looking to develop a multi-unit investment property, build your next project, or secure a premium lot for a custom home, the possibilities here are worth exploring. Convenient access to shopping, restaurants, parks, public transit, and major transportation routes. Bring your vision and take advantage of this exciting development opportunity!
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 2,349 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 46 days.
The median sale price was $644,900.
Homes sold for about 2.1% below asking on average, so there was room to negotiate.
About 10% of sales closed above the list price.
Around 23% of sellers reduced their price before finding a buyer.
Based on 2,349 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.
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