EXCEPTIONAL SPACE & VALUE!!! A unique investment opportunity awaits in this booming rural setting. Property BEING SOLD FOR LAND VALUE ONLY: 5.39 Acres of Rural Commercial (RC) zoned land with 167 feet of frontage on Prime Bank Street. Currently, 11 income-producing residential units (1 single 3 bed house & 10 Bachelor Apartments) are rented below market rents. This is perfect for adding more units while increasing current rental income, operating a business, utilizing the land as storage, or even simply banking the land & waiting for it's value to increase over time. This is an incredible opportunity for developers to redevelop while collecting rent during the planning stage. Viewing of units available post-offer acceptance. Soil is assumed to be free of hazardous substances; buyer due diligence is required. Rent rolls and expense statements are available upon request. This A+ rural location holds abundant commercial potential; don't miss out! (id:4069)
| Address |
6637 BANK STREET |
| List Price |
$1,600,000 |
| Property Type |
Vacant Land |
| Area |
Ontario |
| Sub-Area |
Ottawa |
| Lot Size |
5.39 Sq. Ft. |
| MLS® Number |
1375847 |
| Listing Brokerage |
ROYAL LEPAGE TEAM REALTY
|
| Postal Code |
K0A2P0 |
| Zoning |
RC |
