$475,000
For sale: Vacant Land

This vacant lot, zoned RG3[151r], offers a unique opportunity for investors, developers, or business owners. With a lot size of 23,702 sq. ft., the zoning allows for a mix of light industrial and select commercial uses, making it suitable for a range of business ventures. Located along a high-traffic corridor, the property boasts excellent visibility and accessibility. The current construction of a new residential subdivision directly behind the site further enhances its appeal and long-term growth potential. Whether you're considering a new business location, mixed-use development, or long-term investment, this property is ideally positioned in the thriving and ever-expanding Richmond community. Red coloured lot lines are for illustration purposes only, based on both GeoWarehouse and geoOttawa, and are not to be relied upon as exact measurements. Buyers must conduct their own due diligence regarding zoning and development potential. A survey is available to serious buyers after a property viewing. 24-hour irrevocable on all offers. List price excludes HST.
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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 128 days.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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