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Last Updated : 287 Days ago
13 Balsam St, West Centre Town, Ontario, 4205 - West Centre Town

13 Balsam St, West Centre Town MLS Number: X11979477

4205 - West Centre Town, West Centre Town, Ottawa, ON, K1R 6W7

$949,900

Status: OFF MARKET

  • Property Type: Commercial (Investment)
  • Property Taxes : $0.00 (Tax Year:2024)
  • Listing Courtesy : Exp Realty

13 Balsam St Property Description

PRIME DEVELOPMENT SITE offers a fantastic opportunity to build an 8-unit apartment building in one of Ottawa's most sought-after neighborhoods, Centretown West. The property includes all necessary documentation to proceed immediately, a survey, full architectural working drawings, and completed environmental and engineering studies. The proposed building consists of 8 units: seven one-bedroom+den apartments (designed to easily convert into two-bedroom units post-construction) and one accessible one-bedroom unit. The design features in-suite laundry for each unit, and bike racks are provided for residents, as there is no parking on-site. The existing building is vacant, boarded, and ready for demolition, with utilities already capped, ensuring a smooth transition for the new owner. Site is perfectly situated next to a brand-new condo and across from other new developments, ensuring strong future rental demand. This is an ideal opportunity for developers to acquire a well-prepared project in This property sits in the heart of West Centre Town, one of the most vibrant and sought-after neighborhoods in the city. With a high walk score, everything you need is just steps away trendy cafes, top-rated restaurants, boutique shopping, lush parks, and excellent public transit options. You're within walking distance of downtown, Little Italy, Chinatown, and Hintonburg, offering an incredible mix of cultural experiences, nightlife, and community charm. Whether commuting, dining out, or enjoying the city's best amenities, this location offers unmatched convenience and urban living at it's finest. With building permits ready and a fully approved design, you can start construction immediately. The estimated market value for the fully completed development, fully rented at market rates, exceeds $3.5M, offering excellent potential for long-term investment or profitable resale! Don't miss this amazing investment opportunity!

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13 Balsam St Property Facts

Property Type :Commercial
MLS Number :X11979477
Listing Type :Sale
Possession Date :
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Last Updated :20 Feb, 2025 (287 Days ago)
Source :TRREB
Area :Ottawa
Postal Code : K1R 6W7
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13 Balsam St Property Price & Tax Insights

Price : $949,900
Property Taxes :$0.00
Tax Year :2024

13 Balsam St, West Centre Town Property Details

Cross Street :Gladstone Avenue, Booth Street

13 Balsam St, West Centre Town - Price History

2025-02

19 Feb, 2025

TREB #X11979477

Available

$949900.0

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13 Balsam St - Location Map and Landmarks

  • University of Ottawa Heart Institute, Ottawa 1.63 km
  • The Ottawa - Civic, Ottawa 1.77 km
  • Royal Ottawa Mental Health Centre, Ottawa 2.53 km
  • The Ottawa - Riverside, Ottawa 3.32 km
  • National Defence Medical Centre, Ottawa 4.05 km
  • Children's of Eastern Ontario (CHEO), Ottawa 4.57 km
  • The Ottawa - General, Ottawa 4.65 km
  • Montfort, Ottawa 7.06 km
  • Queensway Carleton, Ottawa 11.06 km
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