243-245 HINCHEY Ave
4202 - Hintonburg, West Centre Town, K1Y 1L9
FOR SALE
$2,000,000
Expired
$0
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-11-28 | 2024-04-30 | 154 | $2,000,000 | - | Expired |
| 2023-11-28 | 2024-04-30 | 154 | $2,000,000 | - | Expired |
| 2023-11-28 | 2024-04-30 | 154 | $2,000,000 | - | Expired |
| 2023-11-28 | 2024-04-30 | 154 | $2,000,000 | - | Expired |
| 2023-11-28 | 2024-04-30 | 154 | $2,000,000 | - | Expired |
| 2023-11-28 | 2024-04-30 | 154 | $2,000,000 | - | Expired |
| 2023-11-28 | 2024-04-30 | 154 | $2,000,000 | - | Expired |
| 2023-11-28 | 2024-04-30 | 154 | $2,000,000 | - | Expired |
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Property Description
Attention Builders And Developers: Multi-Unit Site Plan Control Approved Development Lot. Here Is An Opportunity Not To Be Missed. Save Time In Building Your New Modern 16 Unit Rental In Ottawa's Trending Hintonburg, Steps From Tunney's Lrt, The Parkdale Market, Trendy Shops, Cafes, Eateries And Galleries. Hintonburg Is Popularly Known As The Arts District Within Close Proximity To Wellington Village And Westboro And Easy Access To The Ottawa River Pathway; This Prime Location Has Something To Offer For Everyone! Plans For 16 Unit Building Consisting Of Ten- 2 Bedrooms And Six- 1 Bedroom Units Designed With Open Concept Floor Plans, In Unit Laundry, Heated Flooring And Walkway, Large Windows And Separate Bicycle Storage. Current Comparable Rents Suggest The Potential To Generate $400,000+ In Gross Annual Rent.
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Similar Listings
Opportunity knocks. Make this the site for your next project. Feasibility study indicates that the lots can house a 6 storey building with up to 30,000+ buildable square feet, approximately 30 units. This site is located in one of the cities most sought after locations. Steps from Wellington in the heart of Hintonburg you are surrounded by every amenity and necessity imaginable including but not limited too, groceries and markets, an assortment of restaurants and bars, public transit including LRT, shopping and more. All factors that make this project highly attractive as a future tenant or purchaser. 9 Melrose is currently a duplex with a commercial unit and residential on upper floors, 11 Melrose is a single home in good shape. The combined income is $7,450/month if there is interest in holding prior to build. Reach out for the package.
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