LOADING

305 Cumberland Street Ottawa, Ontario K1N 7J1

$1,600,000

7,950 sq' of land on a corner lot. Current zoning (with no variances) allows a 6 story apartment building, appr. 27,000 sq' and possibly 40 residential units ( @ average 550 sq'/unit). Great small development site right downtown in the Byward Market, the tourist center of Ottawa. Located on a high profile corner with direct access to Ottawas Parkway network and bridges to Gatineau. 600 meters to the Rideau LRT Tunnel Station ,less than a 10 minute walk to the Rideau Shopping Center, Ottawa U, Parliament Hill, National Art Gallery. The timing is right; take advantage of all the new housing incentives - CMHC National Housing Co-Investment Fund, The National Housing Strategy, The Housing Accelerator Fund, the Rapid Housing Initiative, The Rental Construction Financing Initiative (RCFI)s. The current building is NOT a heritage building. (id:20425)

Property Details

MLS® Number 1286034
Property Type Vacant Land
Neigbourhood Byward Market

Building

Fireplace Present No

Land

Acreage No
Size Depth 75 Ft ,7 In
Size Frontage 107 Ft ,10 In
Size Irregular 0.18
Size Total 0.18 Ac
Size Total Text 0.18 Ac
Zoning Description R4t S77

https://www.realtor.ca/real-estate/24254838/305-cumberland-street-ottawa-byward-market

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Ian Hassell
Salesperson

(613) 794-8555
www.ianhassell.com

RE/MAX Hallmark Realty Group
344 O'connor Street
Ottawa, ON K2P 1W1

(613) 563-1155
(613) 563-8710
www.hallmarkottawa.com

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