$1,135,000
FOR SALE

Investment


2024 Taxes: $8,472

6607 FOURTH LINE Rd
Manotick - Kars - Rideau Twp And Area, ON K0A 2T0 | 8009 - North Gower | Ottawa

Exceptional investment opportunity situated in the heart of North Gower, with strong future development potential. This land assembly, located at the intersection of Roger Stevens and Fourth Line, is comprised of two triplex buildings, (both fully tenanted) and a commercially zoned parking lot between them. The parking lot can hold 10-12 vehicles and has an outbuilding, presently used for storage. This site boasts enormous potential for future development and provides a solid Return on Investment in the meantime. Zoned Village Mixed Use (VM) provides great flexibility for both commercial and residential uses.
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Listed By ROYAL LEPAGE TEAM REALTY ADAM MILLS
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9516860
Last Updated Dec 19, 2024
Property Summary
Property Type Investment

More like this:
Category Apartment
Legal Description LT 46 PL 628 N GOWER; PT LT 45 PL 628 N GOWER AS IN N505923; RIDEAU LT 45 PL 628 N GOWER EXCEPT N505923; RIDEAU LT 43 PL 628 N GOWER; RIDEAU
Occupancy Tenant
Possession Date TBD
Taxes (2024) $8,472
Directions/Cross Streets Turn right onto Prince of Wales Dr; At the roundabout, take the 2nd exit onto Prince of Wales Dr; Turn left onto Fourth Line Rd; Continue to follow Fourth Line Rd; Destination will be on the left
Neighbourhood 8009 - North Gower
Area Ottawa
Price History

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Detailed Information
Freestanding Y
Parking Spaces 16
Heat Type Baseboard
Financial Statement Y
Gross Income/Sales $95,820
Net Income Before Debt $71,629
Expenses Actual/Estimated Est
Sewers Septic
Water Supply Types Drilled Well
Water Well
Zoning VM Village Mixed Use
Seller Property Info Statement N

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