1184 Cummings Avenue, Ottawa, Ontario K1J7R8

Listing courtesy of ENGEL & VOLKERS OTTAWA CENTRAL.

$1,250,000
List Price
$1,250,000
MLS®
1315154
Days on Market
26
Status
ACTIVE
Type
Multifamily
Subtype
Multi-family
Subdivision
Cyrville

Property Description

BUILD BETWEEN 30-40 UNITS WITH REZONE! Solid duplex with fantastic tenants providing passive income. Grossing $38,500/year. BEST of all it sits on a GIGANTIC lot. Get it ready for development while collecting rent/covering costs. 1184 Cummings sits on an HUGE oversized lot: 95ft X 150ft. R3V V Zoning allowing for multiple development options/severing lot. Surrounded by R5 zoning, this lot would be a perfect candidate for a zoning change to R4-R5 or TM (consult urban planner) your luck which makes it perfect for a beautiful apartment building. Information provided as suggestions and recommended to confirm with your professional team! (id:2579)

Additional Information

Heating Fuel
Electric, Natural gas
Subdivision
Cyrville
Parking Spaces
6
Levels
2
Cooling
Wall unit
Country
Canada
Flooring
Wall-to-wall carpet, Laminate, Vinyl
Sewer
Municipal sewage system
Frontage Length
95 ft
Heating
Forced air, Hot water radiator heat
Total Number Of Units
2
Stories
2

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Please consult a financial professional.
Calculator source: Real Geeks