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551 Edison Avenue, Ottawa, ON 13 photos

$699,000

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551 Edison Avenue, Ottawa, ON· McKellar/Highland

About this Property

  • 97 sq ft of irregular corner land
  • Parks include Roy Duncan Park, Lions Park & Westboro Kiwanis Park

{Intro} Corner lot with existing foundation in the heart of Westboro - one of Ottawa's most in-demand urban neighbourhoods. The site occupies a corner position at Edison Ave & Princeton Ave, offering east-facing frontage & strong visibility in a community with consistent builder demand. Zoned R4UA. Buyers are encouraged to verify all permitted uses & development options with the City of Ottawa before preparing any offer. {The Lot} 2,759.97 sq ft of irregular corner land. Lot dimensions: 65.88'x40.15'x13.96'x56.08'x50.04' - a workable footprint for a custom build or multi-unit project, subject to applicable approvals. All utilities available at the lot: gas, hydro, cable & telephone. Corner lots offer added frontage & flexibility that mid-block sites don't - worth factoring into any design review. Immediate possession. {Foundation} Existing foundation in place. Prior architectural plans were prepared for a proposed 3-storey luxury residence of approx. 2,400 sq ft above grade - Seller makes no representations or warranties regarding those plans, approvals, zoning, permits, or specifications. Sold as vacant land with existing foundation only. Buyers to conduct their own due diligence & rely on their own consultants. 1-yr vendor financing available at 5.49% w/ 25% down, 730+ credit, no income verification required - terms apply. {Location} Westboro is consistently ranked among Ottawa's most walkable urban communities. Richmond Rd runs nearby with a dense strip of independent restaurants, cafes & boutiques. Westboro Beach & the NCC Ottawa River Pathway are within walking distance. Parks include Roy Duncan Park, Lions Park & Westboro Kiwanis Park. Schools across public & Catholic boards in the immediate area. O-Train Confederation Line (Westboro Station) - downtown Ottawa under 15 min by transit. Hwy 417 is minutes south - downtown by car in under 10 min, Ottawa International Airport approx. 20 min.

Listed by CITYSCAPE REAL ESTATE LTD. · MLS# X13410612

Features & Details

Property details of 551 Edison Avenue, Ottawa, ON

Property TypeVacant Land
StyleOther

Mortgage Calculator

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Mortgage Payment$3,434/monthly
Principal54%
Interest46%
Principal Amount$559,200
Interest$470,993
Total Payable$1,030,193
Amortization25 years

* Estimate only. Consult a mortgage broker for accurate figures.

Cash Flow Analysis

Mortgage payment$3,434
Mortgage + Expenses$3,434
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Monthly Cash Flow-$3,434

* Estimate only. Consult a mortgage broker for accurate figures.

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Akash Sharma

Akash Sharma

REALTOR® · Ali Realty Group Inc.

Ottawa's trusted real estate partner with 170+ successful transactions and $30M+ in sales.

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