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280 PRESLAND Road

3502 - Overbrook/Castle Heights, Overbrook - Castleheights and Area

$999,900

Detached|2-Storey
2 | 1 | 4
About this home

DEVELOPMENT OPPORTUNITY! A prime urban site for builders, investors or developers seeking a well-located property with significant future potential. Current zoning allows for 10+ units, with the possibility to apply for additional density of up to 18 units - or, alternatively, build 10 units without requiring further site plan approval. Just five minutes from downtown Ottawa, this property offers excellent connectivity and everyday convenience in one of the best locations in the city! The LRT, VIA Rail, St. Laurent Shopping Centre, transit routes, parks and a wide range of amenities are all within walking distance. With quick access to Hwy 417 - only one exit from the downtown core - this location is ideal for multi-residential development or future redevelopment. A rare opportunity to secure land in a rapidly evolving part of the city. Property sold as-is, where-is.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$5,029
Lot Size49.73 ft x 161.04 ft
mls© NumberX12578916
Listed ByEXP REALTY

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$5,118
Property tax
$419
Heat allowance
$150
Housing costs
$5,687 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $199,980
25-yr amortization

Income needed

$175,000

gross annual household income

Payment at 4%
$4,208 / mo
Cash down
$199,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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