$3,495,000
For sale: Vacant Land

Incredible Investment Opportunity! Prime 1.5-Acre Lot with N3B(2874)-h Zoning - Permits Stacked Townhomes! Discover the ultimate investment canvas - an extraordinary 1.5-acre lot now available for your ambitious residential development project. Seize this rare chance to bring your vision to life and capitalize on the booming real estate market. Unlock the possibilities for townhouses, apartments, or condominiums tailored to meet the demands of the ever-growing housing market. With the rising demand for quality housing, your development on this coveted lot is poised to attract eager buyers and tenants. Maximize your return on investment and capitalize on the upward trajectory of property values in the area. Don't miss this extraordinary chance to secure your spot. Whether you are an experienced developer or a savvy investor, this property holds the potential to become a landmark project that will leave a lasting impact on the community.
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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 128 days.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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