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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Description
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

The seller has not posted any comments at this time.

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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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