$399,000
967 West Street
Cumberland Village, Ottawa
- 2 bd
- 1 ba
- House
1 / 24
$450,000
Cumberland Village, Ottawa, ON K4C1R2 · MLS® X12886172
This unique property offers water access to the Ottawa River and presents an exceptional opportunity for buyers seeking redevelopment or long-term investment potential. Situated on a desirable parcel of land, the true value lies in the lot and its future possibilities. The existing structure is being sold strictly as-is, where-is, with no representations or warranties. The home is currently under construction and requires significant work. Notable conditions include no active heating system, the need for an electrical panel upgrade to support an electric furnace, and visible signs of mold in the attic and far-left bedroom. Due to the condition of the property, health and safety precautions are mandatory. All showing agents must have their clients sign and submit Form 299 prior to confirming any showing. Buyers and their agents are strongly advised to wear appropriate protective clothing, including masks. Entry is entirely at your own risk. This is a rare opportunity for builders, contractors, or investors to secure a property with strong development potential in a sought-after location with access to one of the region's most iconic waterways. Water access only. (id:65933)
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Estimate only, not financial advice. Rent is reduced by vacancy, then management is taken on the rent collected; net operating income = that, less property tax and other costs; cap rate = net operating income ÷ price; cash flow also subtracts the mortgage (semi-annual compounding, as Canadian mortgages use). Vacancy default: CMHC Rental Market Report, Ottawa, October 2025.
Listed by Re/Max Hallmark Realty Group.
Listing data provided by REALTOR.ca DDF® and owned by The Canadian Real Estate Association (CREA). Deemed reliable but not guaranteed.