Prime investment opportunity! Rarely offered corner-lot property located in the heart of Ottawas prestigious Lowertown, just steps from numerous embassies, green parks, the Rideau River - you just cant beat this location. This solidly built 24-unit commercial brick building will be delivered VACANT upon closing, offering unmatched flexibility for your exclusive vision. There are 22 studio rooms (without kitchens) that are each composed of a spacious bedroom area and each with their own private, full bathroom! Plus, two rooms on the ground level that have been converted into a classroom and conference room. With eight units per floor, there is plenty of room here! The lower level adds a commercial kitchen, laundry room (coin operated), mechanical room, cafeteria, storage and a TV room. With a turn-key structure, site plan and floor plan available, and unit sizes averaging 22 x 15, this property presents endless possibilities. From a retirement or assisted living residence, micro-apartment conversion, or student housing complex, to corporate/NGO accommodations, boutique hostel, or co-living community, the redevelopment potential is immense for those who can think outside the box.Whether you're an experienced developer or first-time commercial investor, this is an exceptional opportunity to secure a high-profile asset in one of Ottawas most strategic locations. You wont want to miss this one - come fall in love today! (id:19004)
This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association.
