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Development Opportunity Or Institutional Use For Sale In Ottawa

$5,950,000

For Sale: in

Updated Jan 21, 2022
Development Opportunity Or Institutional Use For Sale In Ottawa

Listing Details

Subtype: Commercial

Zoning: I1 - Minor Institutional

Sale type: Ideal for both investors and owner-users

Lot Size: 0.735 Acres

Permitted uses:

  • Commercial
  • Religious Facility

Description

GREAT OPPORTUNITY FOR REDEVELOPMENT OR INSTITUTIONAL USE OF EXISTING PROPERTY - Site is comprised of two (2) commercial properties and one (1) church that is currently operating as a venue space with over 900 person capacity. Property is designated as part 4 and part 5 of the heritage act and will require city consultations for development. Reports available upon request. Great central location and walking distance to the Ottawa Byward Market. Short commute via Alexandra Bridge to Gatineau. Gross income is estimated to the best of the listing brokerages ability based on limited information provided by the Seller. Review and investigation will be required. Parking income is based on actual numbers pre-pandemic. Seller is open to leasing back the church during developer site-plan and re-zoning process. Terms and conditions to be negotiated. Highlights • Great central location • Walking distance to the Byward Market, restaurants, cafes, and shops • Close to Parliament Hill • Short commute to the Alexandra Bridge and the Macdonald-Cartier Bridge

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Location & nearby

This listing is located in Ottawa, ON K1N 5K6

310 St. Patrick St, Ottawa, ON K1N 5K6, Canada

John Zinati

REALTOR®

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