$344,900
4122 Broadway Street
Vernon, Ottawa
- 2 bd
- 1 ba
- House
1 / 15
$1,250,000
00000 Caracourt Drive
Vernon, Ottawa, ON K0A2W0 · MLS® X13666524
About this property
Rare development opportunity in Vernon, City of Ottawa! Approved 18-lot subdivision with major infrastructure already completed. Drainage and retention pond are in placed, and 5 lots are permit-ready for immediate construction after minor concessions including well and hydro study. Save valuable time and development costs with much of the work already done. A recent third-party appraisal values the property well above the current listing price, offering exceptional value and upside potential. An outstanding opportunity for builders, developers, and investors looking for a near shovel-ready project in a growing community. (id:65933)
- Type
- Vacant Land
- Category
- Vacant Land
- Updated
- Sep 14, 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. Property tax assumed at 1% of price.
Listed by Century 21 Shield Realty Ltd..
Listing data provided by REALTOR.ca DDF® and owned by The Canadian Real Estate Association (CREA). Deemed reliable but not guaranteed.
