174 Ethel Street Ottawa, Ontario K1L 5X4


An investors golden opportunity awaits with this ready-to-go building project offering the potential for a 6-unit building! With plans & permits, this property allows you to dive into construction without delay. NOTE: An artist's rendering gives a glimpse of the planned building, minor variances might allow for more units. Projected Rents are as followed: 1-1bedroom for $1650/mo and 5-2 bedroom units, $2350/mo = $160,800 gross income / yr... with Projected Operating expenses $38500/yr with NOI of $122,300/yr or 4.5% cap rate. Situated near a plethora of amenities, recreational facilities & cultural landmarks, the New Edinburgh Community & Art Centre the allure of this location extends beyond its immediate surroundings. Just a stone's throw away lies the iconic Byward Market, Global Affairs Canada, restaurants & cafés, shopping & so much more! This property also offers an easy access to the Alexandra & Macdonald-Cartier bridges facilitating seamless connectivity to neighboring areas. (id:30220)

Property Details

MLS® Number 1358482
Property Type Vacant Land
Neigbourhood Vanier
Amenities Near By Public Transit, Recreation Nearby, Shopping
Community Features Family Oriented
Features Flat Site
Road Type Paved Road


Basement Development Not Applicable
Basement Type Unknown (not Applicable)
Utility Water Municipal Water


Access Type Road Access
Acreage No
Current Use Development Residential
Land Amenities Public Transit, Recreation Nearby, Shopping
Size Depth 95 Ft
Size Frontage 49 Ft ,6 In
Size Irregular 0.11
Size Total 0.11 Ac
Size Total Text 0.11 Ac
Zoning Description R4e