$975,000
For sale: Vacant Land

Rare development opportunity in the heart of Ottawa's urban core. Situated on approximately 70 feet by 90 feet of frontage along Montreal Road, this vacant parcel offers investors and developers the chance to create a mixed-use project in one of the city's rapidly evolving corridors. The site is ideally suited for a retail-at-grade and residential-above development, capitalizing on, increasing density, and ongoing revitalization throughout the surrounding area. With excellent exposure, accessibility, and proximity to amenities, transit, and downtown Ottawa, this property presents a compelling opportunity to unlock value through future development.
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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 128 days.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.
Currently for sale

$824,900
Vacant Land200 WOODROFFE AVENUE, 6002 - Woodroffe, Ottawa

$990,000
Detached829 MONTREAL ROAD, 3104 - CFB Rockcliffe and Area, Ottawa

$969,900
Detached139 PLEASANT PARK ROAD, 3603 - Faircrest Heights, Ottawa

$899,000
Detached2061 FAIRBANKS AVENUE, 3606 - Alta Vista/Faircrest Heights, Ottawa

$860,000
Detached1255 REMINGTON WAY, 1601 - Greely, Ottawa

$835,000
Other2147 MER BLEUE ROAD, 1117 - Avalon West, Ottawa

$874,900
Detached109 MEADOWLANDS DRIVE W, 7301 - Meadowlands/St. Claire Gardens, Ottawa

$789,900
Multiplex185 PRESTON STREET, 4205 - West Centre Town, Ottawa