360 Lacasse Avenue Ottawa, Ontario K1L 7A9


POSSIBLE VTB WITH 25% DOWN AT 6% INTEREST FOR 1 YEAR. SHOVEL READY PROJECT for investors looking to start building two 8 units (16 total) apartment buildings without having to deal with demolition/severance/permits etc. POTENTIAL CAP RATE OF 5.2%! 4 X bachelor at $1,650/mth, 8 X 1 bedroom at $1,800/mth and 4 X 2 bedrooms at $2,100/mth. SELLING LAND ONLY, does not include building. INCLUDED: Phase 1 ESA completed, Minor variance, pending now (should be ready by July 2023), TIR (tree report) completed, Geotechnical Investigation completed. All plans will be completed by closing, existing building will be demolished, lot cleared and severed before closing. Note that permit application is in process but, buyer will be responsible for payment. Buyer is also responsible for development and parkland charges. Building design: High efficiency heat pump, spray foam for the entire building, quartz counter tops, laminate floors, 1 wheelchair accessibility unit per building, modern look. Call now! (id:37684)

Property Details

MLS® Number 1349334
Property Type Vacant Land
Neigbourhood Vanier


Basement Development Not Applicable
Basement Type Unknown (not Applicable)


Acreage No
Size Depth 111 Ft ,3 In
Size Frontage 68 Ft ,11 In
Size Irregular 0.18
Size Total 0.18 Ac
Size Total Text 0.18 Ac
Zoning Description Residential



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