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294 Somerset Street E Ottawa, Ontario K1N 6W1

$949,900

Great location! Close to Ottawa University, Rideau Centre and the Byward market! Lot and plans to build a modern 8 unit building approx. 5500 sq ft AG and 7200 sq ft with basement. 2 x 1 bedrooms (approx $1800/Monthly), 6 x 2 bedrooms ($2400/Monthly). Use the open concept floor plans and choose modern finishings. Projected GOI= $216,000. NOI = $151,200. Expenses estimated at 30%. Over $250,000 have already been paid for soft costs including all plans, permits, land tests, geo tech etc. Site Plan attached. 24 hours irrevocable on all offers. (id:46679)

Property Details

MLS® Number 1312088
Property Type Vacant Land
Neigbourhood Sandy Hill
Amenities Near By Public Transit, Recreation Nearby, Shopping

Building

Basement Development Not Applicable
Basement Type Unknown (not Applicable)
Utility Water Municipal Water

Land

Acreage No
Land Amenities Public Transit, Recreation Nearby, Shopping
Sewer Municipal Sewage System
Size Depth 100 Ft
Size Frontage 40 Ft
Size Irregular 0.09
Size Total 0.09 Ac
Size Total Text 0.09 Ac
Zoning Description R4u

https://www.realtor.ca/real-estate/24860562/294-somerset-street-e-ottawa-sandy-hill

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