305 CUMBERLAND STREET, Ottawa, Ontario, K1N7J1
Property TypeVacant Land Lot Size0.18 acres

7,950 sq' of land on a corner lot. Current zoning (with no variances) allows a 6 story apartment building, appr. 27,000 sq' and possibly 40 residential units ( @ average 550 sq'/unit). Great small development site right downtown in the Byward Market, the tourist center of Ottawa. Located on a high profile corner with direct access to Ottawas Parkway network and bridges to Gatineau. 600 meters to the Rideau LRT Tunnel Station ,less than a 10 minute walk to the Rideau Shopping Center, Ottawa U, Parliament Hill, National Art Gallery. The timing is right; take advantage of all the new housing incentives - CMHC National Housing Co-Investment Fund, The National Housing Strategy, The Housing Accelerator Fund, the Rapid Housing Initiative, The Rental Construction Financing Initiative (RCFI)s. The current building is NOT a heritage building. (id:46094)

OwnershipFreehold TransactionFor sale
Zoning DescriptionR4T S77
Bathrooms (Half)0 Bathrooms (Total)0
Size Total0.18 ac Size Frontage107 ft ,10 in
Size Depth75 ft ,7 in Size Irregular0.18


Data Provided by Ottawa Real Estate Board

Last Modified :21/04/2022 03:12:40 PM

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