1016 Old Montreal Road

Springridge/East Village, Ottawa · MLS® X12748760

Land · Vacant Land · 264 days on market

listed by JC Hitimana, ROYAL LEPAGE PERFORMANCE REALTY

realtor's description

Opportunity alert for developers and investors, don't miss out on this lucrative prospect! A proposed 2x24 units.Discover this spacious 3 bedroom bungalow situated on a 1.411-acre lot (119.70' frontage x 528.59' depth) in the heart of Orléans on Old Montreal Road. Located on the south end of the desirable Spring Ridge neighbourhood, the property is just a short walk to the Light Rail Transit at Trim Road. It borders newer residential developments and sits directly across from planned commercial amenities including shops and restaurants. A fantastic opportunity for development in a thriving area. 24-hour irrevocable on all offers

property details

type: Land, Vacant Land
parking: 0
property tax: $7,081 / yr
days on market: 264
MLS®: X12748760

monthly cost

$7,992/mo

Mortgage $7,402 · Tax $590

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$7,402/ monthly

loan $1,359,200

25-year amortization

down payment20% · $339,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $861,514
cash to close: $339,800; down payment; transfer tax and fees not included
total paid: $2,220,714

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.