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Located in the heart of Vanier,this listing has excellent development potential! A Massing Study outlines the possibilities for the two lots when merged (combined frontage of 110 feet and depth of 100 feet). The study states that the property is zoned to develop a 6-storey,31-unit mix-use building. Additional development potential above that (i.e.,additional storeys) is possible under certain conditions. The property is in the Montreal Road Community Improvement Plan (CIP) district. The CIP is a grant program that provides incentives for property owners along Montreal Road to upgrade their properties. More information can be found on the City of Ottawa website. Vanier is located just a few kilometers east of downtown Ottawa. This rapidly developing area features cycling and walking paths along the Rideau River. It offers a wide range of independent shops,mainly along Montreal Road and lively Beechwood Avenue on Vaniers northern edge. Book your showing today! (id:24093)
Listed by Kevin Cosgrove of EXP REALTY

Property Details of 270-274 Montreal Road

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"Based on information submitted to CREA as of May 17, 2022 . All data is obtained from various sources and has not been, and will not be, verified by broker or CREA.  All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing."

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