143-159 Montreal Road Ottawa, Ontario K1L 6E8
$5,500,000
25000 SF development land fronting on three streets Montreal Rd. Durocher, St Paul. Major node to Vanier and Beechwood. The property has two buildings and a car lot. Land assembly of three properties. 143 Montreal Rd. car lot 50 x 100 Ft, 149-159 Montreal Rd. 100x100 ft. restaurant on main floor , apartments on the second floor, 168-270 Durocher, 100x100ft one storey building two tenants. All leased with a demo clause. Gross income $249,648, Net income $147,508. Price is not based on NOI it is based on a conservative development potential of retail on the main floor and apartments above. current zoning TM 3 in the front half, TM in the back half. (id:47351)
Property Details
| MLS® Number | 1409440 |
| Property Type | Vacant Land |
| Neigbourhood | Vanier |
Building
| UtilityWater | Municipal Water |
Land
| AccessType | Road Access |
| Acreage | No |
| Sewer | Municipal Sewage System |
| SizeDepth | 200 Ft |
| SizeFrontage | 150 Ft |
| SizeIrregular | 0.57 |
| SizeTotal | 0.57 Ac |
| SizeTotalText | 0.57 Ac |
| ZoningDescription | Tm3,tm |
https://www.realtor.ca/real-estate/27346932/143-159-montreal-road-ottawa-vanier
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August 31 2024 01:11:54
Ottawa Real Estate Board
Royal LePage Performance Realty