294 Somerset Street E Ottawa, Ontario K1N 6W1
$1,199,900
Great location! Close to Ottawa University, Rideau Centre and the Byward market! City plans have been submitted to be approved to build a modern 8 unit building approx. 5500 sq ft AG and 7200 sq ft with basement. 2 x 1 bedrooms ($1650/Monthly), 6 x 2 bedrooms ($2500/Monthly). Use the open concept floor plans and choose modern finishings. Projected GOI= $219,600. NOI = $153,720. Expenses estimated at 30%. Over $300,000 have already been paid for soft costs including all plans, permits, land tests, geo tech etc. Rendering is preliminary version proposed build. Site Plan attached. 24 hours irrevocable on all offers. (id:19849)
Property Details
| MLS® Number | 1291941 |
| Property Type | Vacant Land |
| Neigbourhood | Sandy Hill |
| Amenities Near By | Public Transit, Recreation Nearby, Shopping |
Building
| Basement Development | Not Applicable |
| Basement Type | Unknown (not Applicable) |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Public Transit, Recreation Nearby, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 100 Ft |
| Size Frontage | 40 Ft |
| Size Irregular | 0.09 |
| Size Total | 0.09 Ac |
| Size Total Text | 0.09 Ac |
| Zoning Description | R4u |
https://www.realtor.ca/real-estate/24400705/294-somerset-street-e-ottawa-sandy-hill
Interested?
Contact us for more information
Steve Alexopoulos
Broker
https://www.facebook.com/MetroCityPropertyGroup/
343 Preston Street, 11th Floor
Ottawa, Ontario K1S 1N4
(866) 530-7737
(647) 849-3180
www.exprealty.ca
Tarek El Attar
Salesperson
200-1320 Carling Avenue
Ottawa, Ontario K1Z 7K8
(613) 733-9494
www.remaxcapitalpartners.com
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
May 13 2022 04:10:52
Ottawa Real Estate Board
Exp Realty, RE/MAX Affiliates Capital Partners