294 Somerset Street E, Ottawa, Ontario K1N6W1

Listing courtesy of EXP REALTY.

$1,199,900
List Price
$1,199,900
MLS®
1291941
Days on Market
11
Status
ACTIVE
Type
Land
Subtype
Vacant Land
Lot Size
3,920
Subdivision
Sandy Hill

Property Description

Great location! Close to Ottawa University, Rideau Centre and the Byward market! City plans have been submitted to be approved to build a modern 8 unit building approx. 5500 sq ft AG and 7200 sq ft with basement. 2 x 1 bedrooms ($1650/Monthly), 6 x 2 bedrooms ($2500/Monthly). Use the open concept floor plans and choose modern finishings. Projected GOI= $219,600. NOI = $153,720. Expenses estimated at 30%. Over $300,000 have already been paid for soft costs including all plans, permits, land tests, geo tech etc. Rendering is preliminary version proposed build. Site Plan attached. 24 hours irrevocable on all offers. (id:2579)

Additional Information

Subdivision
Sandy Hill
Country
Canada
Sewer
Municipal sewage system
Frontage Length
40 ft
Lot Size
3,920

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Calculator source: Real Geeks