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$2,499,999
Ontario,Ottawa
For Sale Active
89 RICHMOND ROAD, Ottawa, Ontario K1Z6V8
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Basic Details
Description

Fully entitled mid-rise development opportunity in one of Ottawa’s most sought-after and supply-constrained corridors. This permit-ready project offers a rare combination of scale, location, and reduced approval risk, ideally suited for experienced developers seeking a high-quality urban infill site.Approved (site plan registered, all studies and engineering plans completed and approved) for a 6-storey (approx. 20m) mixed-use building comprising 19 residential

units and approximately 3, 000 sq. ft. of commercial space over two levels, with a total gross floor area of ~20, 000 sq. ft. Situated on a 40′ x 100′ lot, the property benefits from a secured minor variance eliminating parking requirements, maximizing efficiency and buildable area.Positioned in the vibrant Wellington/Richmond/Island Park node, the site is surrounded by premium developments, strong demographics, and established retail amenities, supporting long-term rental and investment performance.The project has been designed and with key parameters aligned to CMHC MLI Select program requirements, including residential/commercial allocation thresholds and energy efficiency considerations. Successful qualification under CMHC’s MLI Select program can provide access to highly favourable financing terms, including up to 95% loan-to-cost and amortizations of up to 50 years.All information provided is believed to be accurate but must be independently verified by the Buyer. Offering is made on an “as-is, where-is” basis. Seller makes no representations or warranties regarding development potential, approvals, financing, or projected performance. Buyers are responsible for conducting their own due diligence with respect to zoning, permits, costs, and feasibility.A rare opportunity to acquire a near shovel-ready asset in a premier urban location with significant upside potential. (id:62650)

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Basic Details
  • Property Type: Residential
  • Listing Type: For Sale
  • Listing ID: X13075310
  • Price: $2,499,999
  • Status: Active
  • Property Sub Type: Vacant Land
  • Office Key: 278365
Features & Appliances
Features
  • Utilities: Electricity, Sewer, Cable
Address Map
  • Location: CA, Ontario, Ottawa, K1Z6V8
  • Street: Richmond
  • Street Number: 89
  • Street Suffix: Road
  • Longitude: W76° 15' 23.3''
  • Latitude: N45° 23' 48.6''
Additional Information
  • Lot Size Dimensions: 40 x 100 FT
Financial
  • Tax Annual Amount: 11279
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Listing updated: 2026-06-22 19:45:05
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Listing Information
  • List Agent Key: 1908885
  • List Office Key: 278365
  • Modification Timestamp: 2026-05-03T12:30:54Z
  • Originating System Name: Ottawa Real Estate Board
  • Status Change Timestamp: 2026-05-03T12:23:45Z
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Listing updated: 2026-06-22 19:45:06
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