143-159 MONTREAL ROAD

Vacant Land For Sale in Ottawa, Ontario

$5,500,000
25000 SF development land fronting on three streets Montreal Rd. Durocher, St Paul. Major node to Vanier and Beechwood. The property has two buildings and a car lot. Land assembly of three properties. 143 Montreal Rd. car lot 50 x 100 Ft, 149-159 Montreal Rd. 100x100 ft. restaurant on main floor , apartments on the second floor, 168-270 Durocher, 100x100ft one storey building two tenants. All leased with a demo clause. Gross income $249,648, Net income $147,508. Price is not based on NOI it is based on a conservative development potential of retail on the main floor and apartments above. current zoning TM 3 in the front half, TM in the back half. (id:4069)
Address 143-159 MONTREAL ROAD
List Price $5,500,000
Property Type Vacant Land
Area Ontario
Sub-Area Ottawa
Lot Size 0.57 Sq. Ft.
MLS® Number 1409440
Listing Brokerage ROYAL LEPAGE PERFORMANCE REALTY
Postal Code K1L6E8
Zoning TM3,TM

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