$259,900
111 - 2951 Riverside Drive
Mooneys Bay/Riverside Park, Ottawa
- 2 bd
- 1 ba
- Condo apartment
1 / 8
$715,000
Riverside Park, Ottawa, ON K1V6R6 · MLS® X14122644
Exceptional Development Opportunity - 801 Walkley Road! Prime 50' x 200' lot offering approximately 10,000 sq. ft. of land with CM2 zoning, now fully in effect with no outstanding appeals. Permitting a maximum building height of 15 metres (approximately 49 feet), with potential for 4 to 5 storeys, the property offers a broad range of residential and mixed-use development opportunities, including ground-floor commercial space with residential units above. Ideally situated within walking distance of Mooney's Bay Beach and the Walkley O-Train Station, providing convenient access to recreation, public transit and everyday amenities. An excellent opportunity for developers and investors looking to capitalize on a well-located property with significant redevelopment potential! (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 Re/Max Hallmark Realty Group.
Listing data provided by REALTOR.ca DDF® and owned by The Canadian Real Estate Association (CREA). Deemed reliable but not guaranteed.