255 St Denis Street, Ottawa, photo 1 1 / 11

$759,000

255 St Denis Street

Vanier, Ottawa, ON K1L5J6 · MLS® X13678450

About this property

Builders - contractors - Investors. Here is an opportunity to either build a new apartment building of up to 10 units or renovate the existing 6 unit apartment building. This building lot is zoned for up to a 10 unit apartment building. Present zoning is R4AU and new zoning is N3B. Lot size is 55 ft x 79 ft. The location is minutes to downtown, walk to trendy Beechwood Avenue. This is an excellent rental area. Presently there is a vacant 6 unit apartment building that is structurally sound however experienced a fire in the basement unit. The building could be repaired and brought back to operation. The building has 6 - 2 bedroom apartments all with laundry facilities. The new zoning will permit the construction of up to a 10 unit apartment building. The lot is serviced with hydro, gas, water and cable. Ideal for a builder interested in building a new apartment building or for a contractor to renovate the existing 6 unit apartment building. Survey is available upon request. The listing agent must be present to provide access to the apartment building. (id:65933)

Type
Vacant Land
Category
Vacant Land
Annual taxes
$6,700
Updated
Sep 16, 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 First Choice Realty Ontario Ltd..

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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