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    For Sale - 3055 RICHMOND Road, Britannia Heights - Queensway Terrace N and Area, Ontario

    Est payment $4,801/mo
    Get pre-qualified
    Views   1
    Time on Jump  12 day

    AI Summary *

    • Development site has approval for 21 residential units and nine parking spaces.
    • Rezoning to R4 is planned for closing, with building permits expected within 30–60 days.
    • Near an upcoming LRT station, highway access, shops, a cinema, and a major mall.
    • Existing home provides $1,000 monthly rental income while the property is held.
    • Choose to purchase the land and build or have the vendor complete the project.




    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! Full financial proforma available.
    Listing IDX14120298
    Address3055 RICHMOND Road
    CityBritannia Heights - Queensway Terrace N …
    Price$999,900
    StyleLand
    Land Size11033
    TypeVacant Land
    StatusFor Sale

    Subtype LandCommunity Features Greenbelt/Conservation, Major HighwaySewer Sanitary

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    Listing Brokerage: RE/MAX HALLMARK REALTY GROUP

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    3055 Richmond Road
    Britannia Heights - Queensway Terrace N and Area , Ontario
    $999,900
    Get more info