$769,000
9 Epworth Avenue
Meadowlands/St. Claire Gardens, Ottawa
- 3 bd
- 2 ba
- House
1 / 3
$1,499,000
Meadowlands/St. Claire Gardens, Ottawa, ON K2G1V9 · MLS® X13842000
Income today, redevelopment potential tomorrow. This approx. 744 m (8,008 sq ft) site on Woodroffe Avenue is zoned MC6 Mixed-Use Centre, which permits apartment, office, medical and mixed-use development, with potential for approx. 16,000 sq ft of gross floor area. The property includes an office with an attached garage, plus a former home converted into a garage office. The garage offers two bays, one equipped with a hoist, and there is a paint booth at the back of the building. Also available is the established Krown rustproofing business operating on site, with a loyal base of returning customers and approx. 50 vehicles a day during high season. Purchase the land and building for $1,499,000, or secure the land, building and Krown business together for $1,800,000 and collect income while you plan your next move. Steps from Algonquin College's Woodroffe Campus and the future Algonquin O-Train Station, in an area the City is actively planning for growth. Neighbouring properties offer potential for a larger land assembly. High traffic and outstanding exposure on a major arterial road. A rare opportunity for a builder, a long-term investor, or an operator ready to take over a trusted business. Please do not approach the business or its employees, the seller is not on site. (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.
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.