Exceptional income-producing asset with huge future development potential! Very Large, 153x67 ft corner lot (with access from two sides) in the prime location on St. Laurent Blvd. Fully tenanted (10 bedrooms 3.5 bathrooms) property, producing $91,872/year ($7,975/monthly). An excellent cash flowing asset with a $62,900 yearly Net operating income, High-demand rental area.
You can decide whether you want to keep it operating as an existing rental, or redevelop in the future. The New Zoning for the property is CM2, allowing high density development up to 20 m height. Ideally located and close to CHEO, Ottawa General Hospital, transit, shopping, and more.
(The New Zoning in force is anticipated Sept 2026). Buy this property today and benefit from the up zoning in the nearest future. Buyers to verify zoning/permitted uses.
9 double beds with mattresses, 1 single bed with mattress, 10 dresserers, 10 desks, 10 office chairs, Window Covers, 4 Fridges, Dining table and chairs2 futons and coffee table, On demand hot water heater, All pictures, floors plans for building.
