89 Richmond Road,Westboro - Hampton Park, ON K1Z 6V8
Westboro - Hampton Park, ON K1Z 6V8
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.
Details
| MLS # | X13075310 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 123 |
| Listing Provided By | RE/MAX HALLMARK REALTY GROUP | X13075310 504300 |
Features
| Acreage | 0.09 |
|---|---|
| Water Front | None |
Taxes
| Tax Annual Amount | 11279 |
|---|---|
| Tax Legal Description | PLAN 400 LOT 83 RICHMOND RD N |
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| County | Ottawa |
| City | Westboro - Hampton Park |
| Postal Code | K1Z 6V8 |
| Area | 5002 Westboro South |
| Listing VS Median (in K1Z 6V8) | |
Price: $2,499,999 low | high Med: $0 On site: 123 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Ottawa |
| City | Westboro - Hampton Park |
| Postal Code | K1Z 6V8 |
| Area | 5002 Westboro South |
| Listing VS Median (in K1Z 6V8) | |
Price: $2,499,999 low | high Med: $0 On site: 123 low | high Med: | |
