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89 Richmond Road, Ottawa
$2,499,999
X13075310 MLS® #
Fully entitled mid-rise development opportunity in one of Ottawa's most sought-after and supply-constrained corridors. This permit-ready project offers a rare combination of scale, location, and reduced approval risk, ideally suited for experienced developers seeking a high-quality urban infill site.Approved (site plan registered, all studies and engineering plans completed and approved) for a 6-storey (approx. 20m) mixed-use building comprising 19 residential units and approximately 3,000 sq. ft. of commercial space over two levels, with a total gross floor area of ~20,000 sq. ft. Situated on a 40' x 100' lot, the property benefits from a secured minor variance eliminating parking requirements, maximizing efficiency and buildable area.Positioned in the vibrant Wellington/Richmond/Island Park node, the site is surrounded by premium developments, strong demographics, and established retail amenities, supporting long-term rental and investment performance.The project has been designed and with key parameters aligned to CMHC MLI Select program requirements, including residential/commercial allocation thresholds and energy efficiency considerations. Successful qualification under CMHC's MLI Select program can provide access to highly favourable financing terms, including up to 95% loan-to-cost and amortizations of up to 50 years.All information provided is believed to be accurate but must be independently verified by the Buyer. Offering is made on an "as-is, where-is" basis. Seller makes no representations or warranties regarding development potential, approvals, financing, or projected performance. Buyers are responsible for conducting their own due diligence with respect to zoning, permits, costs, and feasibility.A rare opportunity to acquire a near shovel-ready asset in a premier urban location with significant upside potential. (id:5764)

89 Richmond Road, Ottawa

Listing courtesy of RE/MAX HALLMARK REALTY GROUP.

85 Richmond Road, Ottawa
$599,000
3 Beds ⋅ 1 Baths ⋅ X13641206 MLS® #
Endless Possibilities at 85 Richmond Road! Whether you're searching for your next home, a solid investment property, or exploring the property's future potential, 85 Richmond Road presents an exceptional opportunity in one of Ottawa's most vibrant and sought-after communities. This 3-bedroom, 1-bathroom home offers a functional layout with bright, comfortable living spaces, making it ideal for families, first-time buyers, downsizers, or tenants alike. Move in and enjoy the home as it is, renovate to suit your personal style, or add it to your investment portfolio. Situated on Richmond Road, you'll love the convenience of being just minutes from shops, restaurants, cafés, parks, schools, transit, and the Ottawa River. Enjoy the unique lifestyle this thriving neighbourhood has to offer, with everything you need just steps away. For buyers with a long-term vision, this property may also present an exciting opportunity to explore future redevelopment potential, subject to all municipal approvals and due diligence. Whether you're looking for a place to call home today or an investment in tomorrow, 85 Richmond Road is a property full of opportunity. Don't miss your chance to own in this dynamic and continually evolving neighbourhood! (id:5764)

85 Richmond Road, Ottawa

Listing courtesy of COLDWELL BANKER RHODES & COMPANY.

87 Richmond Road, Ottawa
$574,000
3 Beds ⋅ 1 Baths ⋅ X12630172 MLS® #
LAND DEVELOPMENT opportunity. This property is currently tenanted but leaving Sept 30 2026 vacant after. Property being sold "as is where is". (id:5764)

87 Richmond Road, Ottawa

Listing courtesy of FIDACITY REALTY.

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