318 CYR AVENUE, Ottawa, Ontario

ID#441520 | MLS# 1176336 | Listed at $529,900.00
Real Estate - Ottawa -
Lillian Legault
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Description
Incredible opportunity on a DOUBLE LOT! Vacant lot is ready to build. Zoning is R5D(H25) - which means WITHOUT a minor variance, you can build a low rise apartment dwelling up to 4 stories with a height of 25 meters (75 feet)! Maybe that's too high... but maybe you want executive apartments or condos with 10, 12, 15, or 18 foot high ceilings. OR you can apply for a minor variance and get a higher building (more storeys) with more units (owner said city was open to allowing 14 units or more - to be verified by buyer). Either way you cut it, it's a money maker. There is demand here and the area is RAPIDLY changing into one of the hottest area's of the city... MAKE YOUR OFFER BEFORE IT'S GONE! (id:17126)
Special Features
  • Basement Development: Not Applicable
  • Basement Type: Unknown (Not Applicable)
  • Fireplace Present: False
  • Utility Water: Municipal water
  • Has Acreage: false
  • Type of Road: Paved road
  • Zoning: R5D (H25)
Property Type Vacant Land
Building Style Semi Detached
Listing Type For Sale

Number of Bedrooms 0.0
Number of Bathrooms 0.0
Seller's Comments

The seller has not posted any comments at this time.

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Mortgage Information
Title: Standard 5 Year / 25 Year Amortization
Down Payment Mortgage Rate Amortization Description Payment Min. Income Required
5.00%  -  $26,495 2.54% 25 Years basic 5 Yr / 25 Year $2,331 $85,425
10.00%  -  $52,990 2.54% 25 Years basic 5 Yr / 25 Year $2,193 $81,261
20.00%  -  $105,980 2.54% 25 Years basic 5 Yr / 25 Year $1,911 $72,808

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