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)


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

Listing Office: RE/MAX HALLMARK REALTY GROUP

Data Provided by Ottawa Real Estate Board

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

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