Royal LePage Team Realty
701 CHURCHILL AVENUE, Ottawa, Ontario $899,000.00 - Ross Lecky Royal LePage Team Realty

701 CHURCHILL AVENUE, Ottawa, Ontario

ID#461451 | MLS# 1198354 | Listed at $899,000.00
Real Estate - Ottawa -
Ross Lecky
Sales Representative
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High Demand Location. On the Transit route. ELEVEN UNITS BOUTIQUE DEVELOPMENT OPPORTUNITY IN WESTBORO with 8- two beds and 3 bachelors (No Parking) to be built. Site plan approval in process subject to applicable fees. Conceived, planned, and designed by the best minds in the City. The project is perfectly suited as a step up from holding rentals to launching into development. It is a very profitable opportunity to either "Build to Hold" or Build to Sell". Seller had purchased it with a dream to become a Boutique developer, but he has now decided to re-purpose his funds. We are now looking for a first time Boutique developer to take over his dream project or a seasoned one to add to their Portfolio. The construction plans are also in advanced stage and the Buyer can also work with the architect to complete these plans to expedite the building permit process. Full set of documents available. No site visits. Offers presented 5 pm on July 21st as per Form 244. (id:25965)
Special Features
  • Basement Development: Not Applicable
  • Basement Type: Unknown (Not Applicable)
  • Fireplace Present: False
  • Utility Water: Municipal water
  • Has Acreage: false
  • Sewer: Municipal sewage system
  • Zoning: Residential
Property Type Vacant Land
Building Style 2 Storey
Listing Type For Sale

Number of Bedrooms 0.0
Number of Bathrooms 0.0
Seller's Comments

The seller has not posted any comments at this time.

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Mortgage Information
Title: First Time Buyer Program - High Ratio Mortgage
Down Payment Mortgage Rate Amortization Description Payment Min. Income Required
0.00%  -  5.09% 25 Years FREE DOWN PAYMENT 5 $5,478 $189,057
10.00%  -  $89,900 2.69% 25 Years 3 Yr Low Payment $3,790 $138,402
20.00%  -  $179,800 2.69% 25 Years 3 Yr Low Payment $3,296 $123,597
Title: Self Employed/ Non Qualified Income Premium
Down Payment Mortgage Rate Amortization Description Payment Min. Income Required
10.00%  -  $89,900 4.99% 25 Years $4,726 $166,482
15.00%  -  $134,850 4.25% 25 Years $4,140 $148,916
20.00%  -  $179,800 3.89% 25 Years $3,753 $137,305

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