6637 Bank Street, Ottawa, Ontario K0A 2P0

EXCEPTIONAL SPACE & VALUE!!! A unique investment opportunity awaits in this booming rural setting. Property BEING SOLD FOR LAND VALUE ONLY: 5.39 Acres of Rural Commercial (RC) zoned land with 167 feet of frontage on Prime Bank Street. Currently, 11 income-producing residential units (1 single 3 bed house & 10 Bachelor Apartments) are rented below market rents. This is perfect for adding more units while increasing current rental income, operating a business, utilizing the land as storage, or even simply banking the land & waiting for it's value to increase over time. This is an incredible opportunity for developers to redevelop while collecting rent during the planning stage. Viewing of units available post-offer acceptance. Soil is assumed to be free of hazardous substances; buyer due diligence is required. Rent rolls and expense statements are available upon request. This A+ rural location holds abundant commercial potential; don't miss out! (id:27476)

This property is being offered for sale with freehold ownership.

Here is a fantastic opportunity to invest in a rapidly growing rural area. The property is being sold for its land value, consisting of 5.39 acres of Rural Commercial (RC) zoned land with 167 feet of frontage on Prime Bank Street. Currently, there are 11 residential units on the property, generating rental income below market rates. These units include a single 3-bedroom house and 10 bachelor apartments. There is potential to add more units, increase rental income, operate a business, use the land for storage, or simply hold onto the property and wait for its value to appreciate over time. Developers can take advantage of this incredible opportunity to redevelop the property while collecting rent during the planning stage. Viewings of the units are available after an offer has been accepted. It is assumed that the soil is free of hazardous substances, but the buyer is responsible for conducting their due diligence. Rent rolls and expense statements can be provided upon request. This prime rural location offers abundant commercial potential, making it a not-to-be-missed opportunity for investors.

The property is located at 6637 Bank Street in Ottawa, Ontario, with a postal code of K0A2P0.