Office Listings

339 CUMBERLAND STREET
Lower Town/ByWard Market Ottawa K1N7J3

$1,790,000
Vacant Land baths: 0.0

Existing Site South Perspective
Photo 1: 339 CUMBERLAND STREET in Ottawa: Vacant Land for sale : MLS®# 1308754
Photo 2: 339 CUMBERLAND STREET in Ottawa: Vacant Land for sale : MLS®# 1308754
Photo 3: 339 CUMBERLAND STREET in Ottawa: Vacant Land for sale : MLS®# 1308754
Photo 4: 339 CUMBERLAND STREET in Ottawa: Vacant Land for sale : MLS®# 1308754
Photo 5: 339 CUMBERLAND STREET in Ottawa: Vacant Land for sale : MLS®# 1308754
Photo 6: 339 CUMBERLAND STREET in Ottawa: Vacant Land for sale : MLS®# 1308754
Photo 7: 339 CUMBERLAND STREET in Ottawa: Vacant Land for sale : MLS®# 1308754
Photo 8: 339 CUMBERLAND STREET in Ottawa: Vacant Land for sale : MLS®# 1308754
Photo 9: 339 CUMBERLAND STREET in Ottawa: Vacant Land for sale : MLS®# 1308754
Photo 10: 339 CUMBERLAND STREET in Ottawa: Vacant Land for sale : MLS®# 1308754
Photo 11: 339 CUMBERLAND STREET in Ottawa: Vacant Land for sale : MLS®# 1308754
Photo 12: 339 CUMBERLAND STREET in Ottawa: Vacant Land for sale : MLS®# 1308754
Photo 13: 339 CUMBERLAND STREET in Ottawa: Vacant Land for sale : MLS®# 1308754
Photo 14: 339 CUMBERLAND STREET in Ottawa: Vacant Land for sale : MLS®# 1308754
Photo 15: 339 CUMBERLAND STREET in Ottawa: Vacant Land for sale : MLS®# 1308754
Photo 16: 339 CUMBERLAND STREET in Ottawa: Vacant Land for sale : MLS®# 1308754
Photo 17: 339 CUMBERLAND STREET in Ottawa: Vacant Land for sale : MLS®# 1308754
Photo 18: 339 CUMBERLAND STREET in Ottawa: Vacant Land for sale : MLS®# 1308754
Photo 19: 339 CUMBERLAND STREET in Ottawa: Vacant Land for sale : MLS®# 1308754
Status:
Active
Prop. Type:
Vacant Land
MLS® Num:
1308754
A boutique multifamily development site located in the heart of Ottawa's ByWard Market. The Seller has secured a professional feasibility study to establish the highest & best use for the site along with preliminary conceptual drawings including floor plans. The concept proposes a boutique loft-style building consisting of 4 floors & 18 spacious upscale bachelor units. The drawings include a bike storage room & mini locker room that will produce additional rental revenue. The zoning is excellent allowing for the building to be placed up to the lot line without any requirements for setbacks or on-site parking. The concept is complete with a rooftop terrace adding a premium amenity to the building for tenants. The design floorplate is 3,207 sf with an overall building footprint of 10,652 sf. The Seller is willing to discuss terms for a VTB. The projected value of the finished project based on current design specifications is in excess of $5,200,000 using the income approach. (id:2493)
Property Type:
Vacant Land
Transaction Type:
For sale
Zoning:
GM[2542]
Ownership Type:
Freehold
Community:
Lower Town/ByWard Market
Number of bathrooms:
0.0
Half Bathrooms:
0
Fireplace:
No
Lot Frontage:
54'
Lot Depth:
66'
Acreage:
No
Lot Size:
3,484.8 sq. ft.
Lot Size:
0.08 ac
Lot Details:
0.08
  • Photo 1: 339 CUMBERLAND STREET in Ottawa: Vacant Land for sale : MLS®# 1308754
    Existing Site South Perspective
  • Photo 2: 339 CUMBERLAND STREET in Ottawa: Vacant Land for sale : MLS®# 1308754
    Existing Site West Perspective
  • Photo 3: 339 CUMBERLAND STREET in Ottawa: Vacant Land for sale : MLS®# 1308754
    Sattelite View of Site
  • Photo 4: 339 CUMBERLAND STREET in Ottawa: Vacant Land for sale : MLS®# 1308754
    Top View Outline of Site
  • Photo 5: 339 CUMBERLAND STREET in Ottawa: Vacant Land for sale : MLS®# 1308754
    Existing Site South Perspective
  • Photo 6: 339 CUMBERLAND STREET in Ottawa: Vacant Land for sale : MLS®# 1308754
    Design Rendering
  • Photo 7: 339 CUMBERLAND STREET in Ottawa: Vacant Land for sale : MLS®# 1308754
    Design Rendering
  • Photo 8: 339 CUMBERLAND STREET in Ottawa: Vacant Land for sale : MLS®# 1308754
    Design Rendering
  • Photo 9: 339 CUMBERLAND STREET in Ottawa: Vacant Land for sale : MLS®# 1308754
    Rendering of Third Floor Plan
  • Photo 10: 339 CUMBERLAND STREET in Ottawa: Vacant Land for sale : MLS®# 1308754
    Rendering of Second Floor Plan
  • Photo 11: 339 CUMBERLAND STREET in Ottawa: Vacant Land for sale : MLS®# 1308754
    Rendering of First Floor Plan
  • Photo 12: 339 CUMBERLAND STREET in Ottawa: Vacant Land for sale : MLS®# 1308754
    Rendering of Lower Level Floor Plan
  • Photo 13: 339 CUMBERLAND STREET in Ottawa: Vacant Land for sale : MLS®# 1308754
    Design Rendering
  • Photo 14: 339 CUMBERLAND STREET in Ottawa: Vacant Land for sale : MLS®# 1308754
    Design Rendering
  • Photo 15: 339 CUMBERLAND STREET in Ottawa: Vacant Land for sale : MLS®# 1308754
    Design Rendering
  • Photo 16: 339 CUMBERLAND STREET in Ottawa: Vacant Land for sale : MLS®# 1308754
    Design Rendering
  • Photo 17: 339 CUMBERLAND STREET in Ottawa: Vacant Land for sale : MLS®# 1308754
    Existing Site
  • Photo 18: 339 CUMBERLAND STREET in Ottawa: Vacant Land for sale : MLS®# 1308754
    Existing Site
  • Photo 19: 339 CUMBERLAND STREET in Ottawa: Vacant Land for sale : MLS®# 1308754
    Existing Site
Data was last updated September 26, 2022 at 09:45 PM (UTC)
Area Statistics
Listings on market:
159
Avg list price:
$1,100,000
Min list price:
$60,000
Max list price:
$25,000,000
Avg days on market:
78
Min days on market:
2
Max days on market:
1,358
Avg price per sq.ft.:
$31.99
These statistics are generated based on the current listing's property type and located in Ottawa. Average values are derived using median calculations.
RITA FUNG
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