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    For Sale - 89 Richmond Road, Westboro - Hampton Park, Ontario

    Est payment $12,005/mo
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    Time on Jump  173 day

    AI Summary *

    • Permit-ready project with approved site plan and engineering plans in place.
    • Opportunity for a mixed-use building with residential units and commercial space.
    • Secured minor variance eliminates parking requirements, maximizing buildable area.
    • Located in a vibrant area surrounded by strong demographics and retail amenities.
    • Designed to align with CMHC MLI Select program for favorable financing options.




    Fully entitled mid-rise development opportunity in one of ottawa's most sought-after and supply-constrained corridors. This permit-ready project offers a rare combination of scale, location, and reduced approval risk, ideally suited for experienced developers seeking a high-quality urban infill site. Approved (site plan registered, all studies and engineering plans completed and approved) for a 6-storey (approx. 20m) mixed-use building comprising 19 residential units and approximately 3,000 sq. Ft. Of commercial space over two levels, with a total gross floor area of ~20,000 sq. Ft. Situated on a 40' x 100' lot, the property benefits from a secured minor variance eliminating parking requirements, maximizing efficiency and buildable area. Positioned in the vibrant wellington/richmond/island park node, the site is surrounded by premium developments, strong demographics, and established retail amenities, supporting long-term rental and investment performance. The project has been designed and with key parameters aligned to cmhc mli select program requirements, including residential/commercial allocation thresholds and energy efficiency considerations. Successful qualification under cmhc's mli select program can provide access to highly favourable financing terms, including up to 95% loan-to-cost and amortizations of up to 50 years. All information provided is believed to be accurate but must be independently verified by the buyer. Offering is made on an "as-is, where-is" basis. Seller makes no representations or warranties regarding development potential, approvals, financing, or projected performance. Buyers are responsible for conducting their own due diligence with respect to zoning, permits, costs, and feasibility. A rare opportunity to acquire a near shovel-ready asset in a premier urban location with significant upside potential.
    Listing IDX13075310
    Address89 Richmond Road
    CityWestboro - Hampton Park, Ontario
    Price$2,499,999
    StyleVacant Land
    TypeVacant Land
    StatusFor Sale

    Subtype Vacant LandOwnership FreeholdWaterfront None

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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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    89 Richmond Road
    Westboro - Hampton Park , Ontario
    $2,499,999
    Get more info