Exceptional investment opportunity in the heart of Ottawa's Britannia Heights! This centrally located property comes with Site Plan Approval for 21 residential units and 9 parking spaces, and will be rezoned to R4 on closing. Building permits are expected within 30-60 days, with a construction timeline of just 12-18 months. Situated near the upcoming LRT station and just seconds from the highway, this location offers unmatched convenience. Walking distance to shops, a movie theatre, and Bayshore Shopping Centre-Ottawa's second-largest mall-this is a high-demand area ideal for attracting quality tenants. The property currently includes a home rented at $1,000/month, providing holding income. Significant soft costs have already been covered, including rezoning, engineering reports, ESA, and urban planning. Flexible options available: purchase the land and build yourself, or the vendor can deliver the completed project. With a strong location, transit access, and approvals in place, this is a turnkey development opportunity poised for success. Don't miss out on securing your future in Ottawa's thriving real estate market! (id:25961)
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Rooms
| Level | Type | Dimensions |
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Details
- Amenities Nearby: Highway
- Features: Conservation/green belt
- Transaction: For sale
- Zoning Description: R4
Building
- Fireplace Present: False
- Size Interior: 11033 sqft
- Utility Water: Municipal water
Land
- Amenities: Highway
- Sewer: Sanitary sewer
- Size Frontage: 137 ft ,2 in
- Size Irregular: 137.18 x 119.24 FT ; 1
Listing provided by RE/MAX HALLMARK REALTY GROUP
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 3055 RICHMOND ROAD in Ottawa Ontario. It was last modified on April 30th, 2026. Contact Jeremy Hussey to schedule a viewing or to discover other Ottawa properties for sale.