$1,050,000
561 Roosevelt Avenue
McKellar/Highland, Ottawa
- 3 bd
- 2 ba
- House
1 / 7
$799,000
McKellar/Highland, Ottawa, ON K1Z5E4 · MLS® X13839056
Exceptional Westboro development opportunity! This flat lot at 516 Churchill Ave N is zoned CM1[2684] Rarely does land with this versatile infill zoning become available in one of Ottawa's most walkable and sought-after neighbourhoods. The property is ideally situated in an active redevelopment corridor, surrounded by modern infill, and just steps to Westboro Village, rapid transit, shops, cafés, parks, and top-rated schools. Perfect for builders, developers, or investors looking to create "missing middle" housing, boutique condos, or purpose-built rental units. This lot is ready for your vision, offering an exceptional opportunity to capitalize on Westboro's strong market and vibrant community. (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.