Axis Realty Brokerage


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374 Mcarthur Ave Ottawa, Ontario K1L 6N7

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12572 sqft

$1,990,000

Vacant lot with shovel ready development project. Site plan approved for a 6-storey, 64-unit residential building appraised at $22M+ with ground level parking, bike storage, lockers, laundry, a gym, and more. Building permits are 75% done and land is appraised at $2.6M. Ideal for any real estate developers, or builders. **** EXTRAS **** The development scores a 100% energy rating which qualifies for CMHC MLI Select Financing program. Buyer can take advantage of heavily subsidized CMHC loans, including 50-year amortization and lowest interests rates on the market (id:58072)

Business

Business Type Residential
Business Sub Type Residential

Property Details

MLS® Number X8016124
Property Type Vacant Land
Community Name Vanier

Building

Size Interior 12572 Sqft
Utility Water Municipal Water

Land

Acreage No
Sewer Sanitary Sewer
Size Irregular 65.92 X 190.77 Ft
Size Total Text 65.92 X 190.77 Ft

https://www.realtor.ca/real-estate/26438484/374-mcarthur-ave-ottawa-vanier