$829,900
1402 Cheverny Crescent
Fallingbrook/Ridgemount, Ottawa
- 4 bd
- 3 ba
- House
1 / 24
$4,750,000
Fallingbrook/Ridgemount, Ottawa, ON K4A0N9 · MLS® X13613860
2.693-acre redevelopment opportunity in Orleans, on St. Joseph Blvd between Taylor Creek Dr & Trim Rd - partially within 400m and entirely within 600m of Trim LRT Station. This large-scale site sits in the Orleans Corridor Secondary Plan, targeted for compact, transit-oriented "15-minute neighbourhood" growth.Zoned INZ-Institutional under Ottawa's new 2026-50 By-law, offering exceptional flexibility. Permitted uses include retirement home, residential care facility, medical facility, school, recreation & athletic facility, community centre, place of worship, daycare and library - plus conditional residential dwelling units, theatre, market and small-scale retail alongside a permitted primary use. No cap on the number of dwelling units, subject to zoning provisions.Generous dimensions (~64m frontage 180m depth) yield a maximum buildable footprint of 9,410 m (101,288 ft) with no lot-coverage limit and heights up to 15m / 5 storeys. Strong subdivision potential: up to 4 conforming lots, with more possible via minor variance.The existing 1-storey building - a former elementary school of ~13,000 ft, now a place of worship - features a gymnasium, five classrooms, library, offices and change rooms, offering interim-use, conversion or removal potential. A private road could serve new development behind it.Fully serviced with municipal sanitary/storm sewers and water. Free of flood-plain, heritage and landfill constraints, with high geothermal potential and Rain Ready Ottawa stormwater incentives. Currently property-tax exempt as an operating place of worship. Phase 1 ESA (2026) complete.Feasibility study & Phase 1 ESA available to qualified buyers. Buyers to verify all zoning, uses and development potential with the City of Ottawa.Please note: the Seller will not entertain offers conditional on planning or zoning change approval. The Seller also requires a temporary lease-back (utilities and insurance only) while securing a new location. (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. Property tax assumed at 1% of price.
Listed by Royal Lepage Integrity Realty.
Listing data provided by REALTOR.ca DDF® and owned by The Canadian Real Estate Association (CREA). Deemed reliable but not guaranteed.