For more info, click "More Information" button below. "Most beneficial use of property: Leverage it as per its mixed Commercial/Residential TM zoning to become MS1 in 2025: Great opportunity for Professionals/Business Owners to live in it or potentially use a part of the property commercially minimizing the commercial tax bill. As Ottawa pursues its densification, possibility to expand and leverage it partially or 100% commercially and build up to 6 floor or 20 m high. If use 100% residentially, the 2024 annual gross rent income is $37500 with operating cost of $6400/yr. For a net of $31100 (no mortgage). To make it available to new buyers, the property can be vacant with a two month's notice, studio rented at $1150/mth. The property is ready to live in. Target buyers: Professionals, investors, business owners. Numerous permitted use: retail store, restaurant, bank , daycare, apartment dwelling, museum etc. Consult the city to assess your project."
MLS# | X9522622 |
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Listing Type | For Sale |
Style | Office Building |
Sub-Type | Resale |
Status | Active |
Days On Site | 10 |
Listing Provided By | EASY LIST REALTY LTD. | Not Provided |
Zoning | TM |
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Province | ON |
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County | Vanier and Kingsview Park |
City | Vanier and Kingsview Park |
Postal Code | K1L 6P3 |
Area | Ottawa |
Community Name | 3404 Vanier |
Listing VS Median (in 3404 Vanier) | |
Price: $998,900 low | high Med: $0 On Site: 10 low | high Med: |