161 HINCHEY AVENUE, Ottawa

$1,295,000

For sale: Vacant Land

Vacant Land at 161 HINCHEY AVENUE, Ottawa
Property type
Land
MLS®
MLS® X13774194
Neighbourhood
4201 - Mechanicsville

CALLING ALL INVESTORS and DEVELOPERS!! Permit Ready 12 Unit Build ready to go! Take advantage of plans already in place and a property ready to be demolished. Use MLI Select financing for this 12 Unit Building, with over 330K gross revenue per year. This is in a spectacular location to maximize possible rental income. LRT, shops, parks and recreation nearby, public transit, etc. This would be a great property in an unbeatable location to add to your portfolio.

Sold data

Homes in Mechanicsville — recent sold market

Homes in Mechanicsville took a median of 37 days to sell over the last 365 days, with the quickest quarter selling within 17 days and the slowest quarter taking more than 62, across 38 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 56 days.

The median sale price was $502,400.

Homes sold for about 2.4% below asking on average, so there was room to negotiate.

About 21% of sales closed above the list price.

Around 18% of sellers reduced their price before finding a buyer.

Median days to sell
37
Median sale price
$502,400
Sale-to-list ratio
97.6%
Sold above asking
21%

Based on 38 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Ottawa

Ottawa has 217 Fraser Institute–rated schools (174 elementary and 43 secondary), averaging 6.2/10.

Rated schools
217
Elementary
174
Secondary
43
Average rating
6.2 / 10

Top-rated schools in Ottawa

  • Hopewell Avenue — elementaryFraser rating 8.5/10
  • Agincourt Road — elementaryFraser rating 8.4/10
  • First Avenue — elementaryFraser rating 8.4/10
  • Nepean — secondaryFraser rating 8.3/10
  • Elmdale — elementaryFraser rating 8.2/10
  • Jean-Robert Gauthier — elementaryFraser rating 8.2/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 161 HINCHEY AVENUE