$1,050,000
561 Roosevelt Avenue
McKellar/Highland, Ottawa
- 3 bd
- 2 ba
- House
1 / 4
$1,500,000
McKellar/Highland, Ottawa, ON K1Z5C9 · MLS® X13230720
Fantastic opportunity for investors and developers to acquire a very prime parcel of land in the vibrant community of Westboro! Zoned Minor Corridor Zone 1 (CM1[128]), this opportunity allows for a custom build / design within one of the city's most vibrant, artistic and thriving "live-work-play" communities which now includes other popular nodes such as Westboro Village, Westboro Beach, Golden Manor, Dovercourt, Hampton Court, and Wellington West. Fronting Churchill Avenue North and corner of Byron Avenue, this area is rip for a new 6 to 8 story residential and commercial mixed-use infill project. Take full advantage of Westboro's exciting "15 minute neighbourhood" initiative where residents and business owners access a wide array shopping convenience and public transit right at their doorstep! Westboro is urban living at its best with a perfect mix of restaurants, shops, cafes, art studios, homes, dog parks, recreational facilities, and professional service businesses nestled alongside the community's beautiful landscape that includes the Ottawa River, Westboro beach, and its many walking and cycling trails. (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 Royal Lepage Team Realty.
Listing data provided by REALTOR.ca DDF® and owned by The Canadian Real Estate Association (CREA). Deemed reliable but not guaranteed.