875 Richmond Road, Ottawa, photo 1

$1,599,000

875 Richmond Road

Woodroffe, Ottawa, ON K2A0G7 · MLS® X13463152

  • 13,745 square feetLiving area

About this property

Exceptional development site located at 875 Richmond Road, ideally positioned in one of Ottawa's most sought-after growth corridors. Situated just steps from the new LRT line, this property offers outstanding connectivity and convenience for future residents.Surrounded by an abundance of amenities, including shopping, restaurants, schools, parks, and recreational facilities, the site is also moments from the scenic Ottawa River and its extensive network of walking and cycling trails. This highly desirable location combines urban convenience with access to nature, making it an ideal setting for residential development.With strong redevelopment potential, this property presents an excellent opportunity for developers and investors to explore the construction of a mid-rise apartment building in a rapidly evolving neighborhood. Benefit from increasing demand for transit-oriented housing and capitalize on one of Ottawa's premier development locations.A rare opportunity to secure a strategically located development site in a thriving and growing community. Buyers are encouraged to complete their own due diligence regarding zoning, permitted uses, and development potential. (id:65933)

Type
Vacant Land
Category
Vacant Land
Annual taxes
$36,839
Updated
Jun 18, 2026

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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 Coldwell Banker Sarazen Realty.

Listing data provided by REALTOR.ca DDF® and owned by The Canadian Real Estate Association (CREA). Deemed reliable but not guaranteed.

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