$1,295,000
For sale: Vacant Land

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 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 56 days.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.
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
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

$1,100,000
Vacant Land12 MCARTHUR AVENUE, 3403 - Vanier, Ottawa

$1,050,000
Vacant Land3745 ST JOSEPH BOULEVARD, 1103 - Fallingbrook/Ridgemount, Ottawa

$1,145,000
Vacant Land7938 BANK STREET, 1606 - Osgoode Twp South of Reg Rd 6, Ottawa

$1,100,000
Vacant Land12 MCARTHUR AVENUE, 3403 - Vanier, Ottawa

$1,121,367
Multiplex5 UNITS - 105 CHAMPAGNE AVENUE, 4502 - West Centre Town, Ottawa

$1,149,000
Detached658 TWEEDSMUIR AVENUE, 5003 - Westboro/Hampton Park, Ottawa

$1,345,000
Semi-Detached/Link151 CRICHTON STREET, 3301 - New Edinburgh, Ottawa

$1,760,000
Other4 - 2880 SHEFFIELD ROAD, 3705 - Sheffield Glen/Industrial Park, Ottawa