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20 Mountain Crescent Ottawa, Ontario K1V 8S5

$7,950,000

Transit Oriented Development Opportunity - available is a "fully entitled" development proposing a 12 storey building with 148 residential apartment units. The infill site is immediately adjacent to the South Keys LRT station and the South Keys Shopping Centre, and is just one block from both Hunt Club Rd and Bank St. It is an easy walk to an array of nearby amenities and services. Demand in the area is strong for new rental product, with limited or no competition of new rental inventory providing direct access to the LRT. The subject is situated just ±350 metres from the existing South Keys Station. The South Keys Centre itself is set to transition from the dated 30 year old box centre as plans progress for a re-envisioned development - creating an enhanced and densified hub for the community. Of note is a strong local market for apartment rentals, as vacancy rates across Ottawa continue to be low while rental rates have risen dramatically. (id:35531)

Property Details

MLS® Number 1291805
Property Type Vacant Land
Neigbourhood South Keys

Building

Fireplace Present No
Utility Water Municipal Water

Land

Access Type Road Access
Acreage No
Sewer Municipal Sewage System
Size Depth 110 Ft
Size Frontage 134 Ft ,10 In
Size Irregular 0.34
Size Total 0.34 Ac
Size Total Text 0.34 Ac
Zoning Description Mc, Mixed-use Centre

https://www.realtor.ca/real-estate/24396668/20-mountain-crescent-ottawa-south-keys

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