Exceptional investment opportunity in the heart of Ottawa's Britannia Heights! This centrally located property comes with Site Plan Approval for 21 residential units and 9 parking spaces, and will be rezoned to R4 on closing. Building permits are expected within 30-60 days, with a construction timeline of just 12-18 months. Situated near the upcoming LRT station and just seconds from the highway, this location offers unmatched convenience. Walking distance to shops, a movie theatre, and Bayshore Shopping Centre-Ottawa's second-largest mall-this is a high-demand area ideal for attracting quality tenants. The property currently includes a home rented at $1,000/month, providing holding income. Significant soft costs have already been covered, including rezoning, engineering reports, ESA, and urban planning. Flexible options available: purchase the land and build yourself, or the vendor can deliver the completed project. With a strong location, transit access, and approvals in place, this is a turnkey development opportunity poised for success. Don't miss out on securing your future in Ottawa's thriving real estate market!
Address
3055 Richmond Road
List Price
$1,049,000
MLS® Status
New
Property Type
Commercial
Type of Dwelling
Land
Transaction Type
Sale
Area
Britannia Heights - Queensway Terrace N and Area
Sub-Area
6201 - Britannia Heights
Region
Ottawa
Lot Size Source
GeoWarehouse
Lot Depth
119.24
Lot Shape
Pie
Lot Type
Lot
Lot Irregularities
1
Lot Size Units
Feet
Lot Width
137.18
Parcel Number
039420031
Total Building Area
11033
Occupant Type
Tenant
Cross Street
Bayshore/Dumaurier
Frontage Length
41.81
MLS® Number
X13550012
Listing Brokerage
RE/MAX HALLMARK REALTY GROUP
Postal Code
K2B 6S6
Posession Details
Flex
Tax Amount
$4,869.18
Tax Year
2025
Site Influences
Greenbelt/Conservation, Major Highway
Community Features
Greenbelt/Conservation, Major Highway
Standard Status
Active
Board Or Association
Ottawa Real Estate Board
Tax Legal Description
LT 25 PLAN 523 S/T CR473392 OTTAWA
Sewer
Sanitary
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