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143-159 MONTREAL ROAD
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143-159 MONTREAL ROAD $5,500,000
$5,500,000
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143-159 MONTREAL ROAD
Ottawa, Ontario K1L6E8

MLS® Number: 1409440

Listing Description

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. (28756372)

Property Summary

Property Type
Vacant Land
Neighbourhood Name
Vanier
Title
Freehold
Land Size
0.57 ac
Annual Property Taxes
$40,000
Time on REALTOR.ca
79 days

Building

Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water

Land

Lot Features
Frontage
150 ft
Land Depth
200 ft
Other Property Information
Access
Road access
Zoning Description
TM3,TM
Data provided by: Ottawa Real Estate Board 1826 Woodward Drive, Ottawa, Ontario K2C 0P7

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