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6637 BANK STREET
Ottawa Ontario K0A2P0 Canada

$1,600,000

Active Listing ID 1375847
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Vacant Land

$1,600,000

Active Listing ID 1375847
Save

6637 BANK STREET 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:203)

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Property Features

  • Facts
  • Property Sub-type: Vacant Land
  • Additional Features
  • Basement
  • Fireplace
Listing Changed: 4/22/2024 8:20:41 PM GMT
Source Updated Date: 4/24/2024 5:30:12 AM GMT

Courtesy of: CharlesKhouri, Salesperson, ROYAL LEPAGE TEAM REALTY

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