$2,500,000 +GST/QST
New
ULS: 16396178
Residential
for sale
941 Ch. Ozias-Leduc, Otterburn Park
OTTERBURN PARK -- DEVELOPMENT LAND WITH BUILDING PERMIT IN HAND - READY TO BUILD A fully approved development project, - 5 years of planning and development - Building permit issued - Complete construction plans - Environmental studies completed - Approved stormwater management plan - Development consisting of four 4-unit residential buildings - Private double garage for each unit - Development Project Valued at Over $7,000,000
Lot area
3,998.30 m²
ERIC OUELLETTE
Residential and Commercial Real Estate Broker
Addendum
**Development Land with Building Permit in Hand -- Ready to Build**
Exceptional development opportunity in Otterburn Park. This property offers a fully approved residential project consisting of **four 4-unit residential buildings**, each featuring **private double garages for every unit**.
The entire development package has been completed, allowing the purchaser to begin construction without delays related to municipal approvals. The development process began in 2021 and required nearly five years of planning, studies, design work, and approvals.
The purchaser will benefit from a fully prepared development package, including:
* Site Plan
* Construction Plans
* Cross-Section Plans
* Stormwater Management Plan
* Phase I Environmental Site Assessment
* Phase II Environmental Site Assessment
* Project Appraisal Report dated January 16, 2025
* Building Permit
According to the appraisal report prepared on **January 16, 2025**, the estimated completed value of the project is **$6,990,000**.
This is a rare opportunity for developers and investors to begin construction immediately while avoiding several years of planning, studies, engineering work, and municipal approvals.
Strategically located in one of Otterburn Park's most desirable areas, the property is close to schools, daycare centers, parks, cycling paths, public transportation, local services, and major transportation routes.
Each building is situated on its own individual lot while sharing a common lot, providing exceptional flexibility and a wide range of development opportunities.
This project is ideal for developers seeking a rental investment, condominium conversion, or a family-oriented development.
The possibilities are endless:
* Build all four buildings and retain them as rental properties.
* Keep two buildings and sell the other two.
* Occupy one building and rent the remaining three.
* Create a multigenerational family compound.
* Develop the project as condominiums and sell the individual units.
Build four. Keep two. Sell two. Live in one and rent the others. Virtually any ownership or investment strategy is possible.
This unique lot configuration offers remarkable flexibility, allowing purchasers to adapt the project to their investment, development, or personal occupancy objectives.
Exceptional development opportunity in Otterburn Park. This property offers a fully approved residential project consisting of **four 4-unit residential buildings**, each featuring **private double garages for every unit**.
The entire development package has been completed, allowing the purchaser to begin construction without delays related to municipal approvals. The development process began in 2021 and required nearly five years of planning, studies, design work, and approvals.
The purchaser will benefit from a fully prepared development package, including:
* Site Plan
* Construction Plans
* Cross-Section Plans
* Stormwater Management Plan
* Phase I Environmental Site Assessment
* Phase II Environmental Site Assessment
* Project Appraisal Report dated January 16, 2025
* Building Permit
According to the appraisal report prepared on **January 16, 2025**, the estimated completed value of the project is **$6,990,000**.
This is a rare opportunity for developers and investors to begin construction immediately while avoiding several years of planning, studies, engineering work, and municipal approvals.
Strategically located in one of Otterburn Park's most desirable areas, the property is close to schools, daycare centers, parks, cycling paths, public transportation, local services, and major transportation routes.
Each building is situated on its own individual lot while sharing a common lot, providing exceptional flexibility and a wide range of development opportunities.
This project is ideal for developers seeking a rental investment, condominium conversion, or a family-oriented development.
The possibilities are endless:
* Build all four buildings and retain them as rental properties.
* Keep two buildings and sell the other two.
* Occupy one building and rent the remaining three.
* Create a multigenerational family compound.
* Develop the project as condominiums and sell the individual units.
Build four. Keep two. Sell two. Live in one and rent the others. Virtually any ownership or investment strategy is possible.
This unique lot configuration offers remarkable flexibility, allowing purchasers to adapt the project to their investment, development, or personal occupancy objectives.
Lot and exterior features
Lot size
285' 10" X 383' 10"
Lot area
3,998.30 m²
Topography
Flat
Proximity
Daycare centre, Park, Bicycle path, Highway, High school, Public transportation, Elementary school
Characteristics
Water Supply
Municipality
Sewage System
Municipality
Environmental Study
Phase 1 (2022, 06), Phase 2 (2022, 06)
Financial details
Municipal assessment (2026)
- Lot assessment
- $ 793,500
- Total
- $ 793,500
Taxes
- Municipal (2026)
- $ 14,747
- Total
- $ 14,747
Inclusions and exclusions
Inclusions
Site Plan - Construction Plans - Cross-Section Plans -Stormwater Management Plan - Phase I Environmental Site Assessment - Phase II Environmental Site Assessment - Project Appraisal Report dated January 28 - 2025 Building Permit
Mortgage payment calculator
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