- Price
- $2,499,999
- Bedrooms
- 0
- Bathrooms
- 0
- Size
- —
- Type
- Vacant Land
- Year built
- —
Listing courtesy of RE/MAX HALLMARK REALTY GROUP
About this home
Fully entitled mid-rise development opportunity in one of Ottawa's most sought-after and supply-constrained corridors. This permit-ready project offers a rare combination of scale, location, and reduced approval risk, ideally suited for experienced developers seeking a high-quality urban infill site.Approved (site plan registered, all studies and engineering plans completed and approved) for a 6-storey (approx. 20m) mixed-use building comprising 19 residential units and approximately 3,000 sq. ft. of commercial space over two levels, with a total gross floor area of ~20,000 sq. ft. Situated on a 40' x 100' lot, the property benefits from a secured minor variance eliminating parking requirements, maximizing efficiency and buildable area.Positioned in the vibrant Wellington/Richmond/Island Park node, the site is surrounded by premium developments, strong demographics, and established retail amenities, supporting long-term rental and investment performance.The project has been designed and with key parameters aligned to CMHC MLI Select program requirements, including residential/commercial allocation thresholds and energy efficiency considerations. Successful qualification under CMHC's MLI Select program can provide access to highly favourable financing terms, including up to 95% loan-to-cost and amortizations of up to 50 years.All information provided is believed to be accurate but must be independently verified by the Buyer. Offering is made on an "as-is, where-is" basis. Seller makes no representations or warranties regarding development potential, approvals, financing, or projected performance. Buyers are responsible for conducting their own due diligence with respect to zoning, permits, costs, and feasibility.A rare opportunity to acquire a near shovel-ready asset in a premier urban location with significant upside potential. (id:66700)
Location
5002 - Westboro South, Ottawa
Estimate your payment
A rough monthly cost for this home — adjust the numbers to fit your situation.
Estimated monthly payment
$11,621
or $5,810 bi-weekly
- Mortgage amount
- $1,999,999
- Total interest
- $1,486,214
Estimate only. Canadian rates compound semi-annually; figures exclude property tax, condo fees, and insurance. Confirm with your lender or mortgage broker.
Listing courtesy of RE/MAX HALLMARK REALTY GROUP
Listing data last updated May 3, 2026.
Information is deemed reliable but not guaranteed and should be independently verified. Listing data is provided for personal, non-commercial use only and may not be redistributed, scraped, or used for any other purpose. Listing data is provided by the Canadian Real Estate Association’s DDF® (REALTOR.ca Data Distribution Facility). The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies the REALTOR.ca Data Distribution Facility (DDF®).