$759,000
For sale: Vacant Land

Builders - contractors - Investors. Here is an opportunity to either build a new apartment building of up to 10 units or renovate the existing 6 unit apartment building. This building lot is zoned for up to a 10 unit apartment building. Present zoning is R4AU and new zoning is N3B. Lot size is 55 ft x 79 ft. The location is minutes to downtown, walk to trendy Beechwood Avenue. This is an excellent rental area. Presently there is a vacant 6 unit apartment building that is structurally sound however experienced a fire in the basement unit. The building could be repaired and brought back to operation. The building has 6 - 2 bedroom apartments all with laundry facilities. The new zoning will permit the construction of up to a 10 unit apartment building. The lot is serviced with hydro, gas, water and cable. Ideal for a builder interested in building a new apartment building or for a contractor to renovate the existing 6 unit apartment building. Survey is available upon request. The listing agent must be present to provide access to the apartment building.
Sold data
Vacant Land homes in Ottawa took a median of 70 days to sell over the last 90 days, with the quickest quarter selling within 21 days and the slowest quarter taking more than 128, across 30 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 120 days.
The median sale price was $397,000.
Homes sold for about 5.2% below asking on average, so there was room to negotiate.
About 10% of sales closed above the list price.
Around 13% of sellers reduced their price before finding a buyer.
Based on 30 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.
Currently for sale

$724,900
Vacant Land4489 HAWTHORNE ROAD, 2501 - Leitrim, Ottawa

$745,000
Vacant Land1095 BLACK CANARY DRIVE, 8005 - Manotick East to Manotick Station, Ottawa

$825,000
Vacant Land637 WINDERMERE AVENUE, 5104 - McKellar/Highland, Ottawa

$699,000
Vacant Land2725 ROWATT STREET, 6102 - Britannia, Ottawa

$750,000
Vacant Land1210 OLD PRESCOTT ROAD, 1601 - Greely, Ottawa

$695,900
Vacant Land1691-1689 ROSEBELLA AVENUE, 2606 - Blossom Park/Leitrim, Ottawa

$649,900
Vacant Land3031 GREENLAND ROAD, 9304 - Dunrobin Shores, Ottawa

$999,000
Vacant Land259-257 BRADLEY AVENUE, 3402 - Vanier, Ottawa