$435,000
For sale: Vacant Land

Contractors, this one is for you!! Exceptional investment opportunity in the heart of North Gower. This vacant lot is ready for the next stage of development, with approvals already in place for the construction of a triplex. Skip much of the lengthy planning process and move one step closer to building your next income-producing property. A new septic system has already been installed, adding significant value and helping reduce both time and upfront development costs.Located just 5 minutes from Highway 416, the property offers quick, convenient access to Ottawa while benefiting from the charm and growing appeal of village living. Its desirable location makes it an excellent option for attracting future tenants seeking a quieter lifestyle without sacrificing an easy commute.Whether you're an experienced builder, developer, or investor looking to expand your portfolio, this property is ready for someone to take the project through to completion and capitalize on its potential. With key approvals secured and essential infrastructure already in place, much of the groundwork has been done-allowing you to focus on bringing the vision to life.Opportunities to acquire development-ready properties with approvals already in place are increasingly rare. Take advantage of this chance to build a purpose-designed triplex in a growing community with excellent access to the city. Rendered photo of approved Triplex.
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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 128 days.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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