875 RICHMOND ROAD, Ottawa

$1,599,000

For sale: Vacant Land

Vacant Land at 875 RICHMOND ROAD, Ottawa
Property type
Land
MLS®
MLS® X13463152
Neighbourhood
5101 - Woodroffe

Exceptional development site located at 875 Richmond Road, ideally positioned in one of Ottawa's most sought-after growth corridors. Situated just steps from the new LRT line, this property offers outstanding connectivity and convenience for future residents.Surrounded by an abundance of amenities, including shopping, restaurants, schools, parks, and recreational facilities, the site is also moments from the scenic Ottawa River and its extensive network of walking and cycling trails. This highly desirable location combines urban convenience with access to nature, making it an ideal setting for residential development.With strong redevelopment potential, this property presents an excellent opportunity for developers and investors to explore the construction of a mid-rise apartment building in a rapidly evolving neighborhood. Benefit from increasing demand for transit-oriented housing and capitalize on one of Ottawa's premier development locations.A rare opportunity to secure a strategically located development site in a thriving and growing community. Buyers are encouraged to complete their own due diligence regarding zoning, permitted uses, and development potential.

Sold data

Homes in Ottawa — recent sold market

Homes in Ottawa took a median of 26 days to sell over the last 90 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 50, across 2,349 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 46 days.

The median sale price was $644,900.

Homes sold for about 2.1% below asking on average, so there was room to negotiate.

About 10% of sales closed above the list price.

Around 23% of sellers reduced their price before finding a buyer.

Median days to sell
26
Median sale price
$644,900
Sale-to-list ratio
97.9%
Sold above asking
10%

Based on 2,349 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Ottawa

Ottawa has 217 Fraser Institute–rated schools (174 elementary and 43 secondary), averaging 6.2/10.

Rated schools
217
Elementary
174
Secondary
43
Average rating
6.2 / 10

Top-rated schools in Ottawa

  • Hopewell Avenue — elementaryFraser rating 8.5/10
  • Agincourt Road — elementaryFraser rating 8.4/10
  • First Avenue — elementaryFraser rating 8.4/10
  • Nepean — secondaryFraser rating 8.3/10
  • Elmdale — elementaryFraser rating 8.2/10
  • Jean-Robert Gauthier — elementaryFraser rating 8.2/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 875 RICHMOND ROAD