1409440 | 143-159 MONTREAL ROAD

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143-159 MONTREAL ROAD
Ottawa Ontario , K1L6E8 , Canada

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$5,500,000.00

MLS® 1409440

Vacant Land

Lot Frontage:	150.0 Feet
Lot Depth:	200.0 Feet
Zoning:	TM3,TM

Remarks:

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:7526)

Property Features:

Access Type: Road access
OwnershipType: Freehold
Property Type: Vacant Land
Sewer: Municipal sewage system

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