1/3LOT 121 KITCHENER AVENUE, Ottawa
LOT 121 KITCHENER AVENUE, Ottawa, ON K1V6W5
$369,900 total
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Asset Class
Land
Size
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Building class
B
Zoning
UR — Urban Reserve
$ / SF
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Occupancy
88%
About this property
A fantastic opportunity to develop this residential building lot just south Bank St and Walkley Road. Nestled in a mature residential neighbourhood, this location offers no rear neighbours, walking distance to an elementary school, public pool and tons of shopping. The adjacent lot is also for sale, why not build two homes instead of one! A permitted demolition has taken place and the home that was there has been removed. Services have been capped off for this lot, a water deposit is currently being held, and will be released with a building permit. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$2K
Projected NOI
$13K
Annual cash flow
$-7K
Cash-on-cash
-6.41%
DSCR
0.65
Going-in cap
3.62%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Area demographics
Trade area within 3 miles of the property.
Population
41,868
Households
16,874
Median income
$96,500
Median age
44.2
Daytime population
37,036
5-yr growth
4.7%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for LOT 121 KITCHENER AVENUE, Ottawa.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.