305 CUMBERLAND STREET, Ottawa, Ontario

ID#497288 | MLS# 1286034 | Listed at $1,600,000.00
Real Estate - Ottawa -
Helen Eum
Sales Representative
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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 (id:17126)
Special Features
  • Fireplace Present: False
  • Has Acreage: false
  • Ownership Type: Freehold
  • Zoning: R4T S77
Property Type Vacant Land
Building Style Semi Detached
Listing Type For Sale

Number of Bedrooms 0.0
Number of Bathrooms 0.0
Seller's Comments

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Mortgage Information
Title: Standard 5 Year / 25 Year Amortization
Down Payment Mortgage Rate Amortization Description Payment Min. Income Required
5.00%  -  $80,000 2.54% 25 Years basic 5 Yr / 25 Year $7,038 $253,390
10.00%  -  $160,000 2.54% 25 Years basic 5 Yr / 25 Year $6,619 $240,818
20.00%  -  $320,000 2.54% 25 Years basic 5 Yr / 25 Year $5,769 $215,294

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