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  • 20 Mountain Crescent, Ottawa, ON
  • 20 Mountain Crescent, Ottawa, ON
  • 20 Mountain Crescent, Ottawa, ON

14,693 ft²
Land
$7,650,000
Sale


Transit Oriented Development Opportunity - available is a "fully entitled" development proposing a 12 storey building with 148 residential apartment units.


The Property
Asking Price$7,650,000
Available Space14,693 ft²
Property UseMulti family
SourceDirect

The Lot

The infill site is immediately adjacent to the South Keys LRT station and the South Keys Shopping Centre, and is just one block from both Hunt Club Rd and Bank St. It is an easy walk to an array of nearby amenities and services. Demand in the area is strong for new rental product, with limited or no competition of new rental inventory providing direct access to the LRT. The subject is situated just ±350 metres from the existing South Keys Station. The South Keys Centre itself is set to transition from the dated 30 year old box centre as plans progress for a re-envisioned development - creating an enhanced and densified hub for the community. Of note is a strong local market for apartment rentals, as vacancy rates across Ottawa continue to be low while rental rates have risen dramatically.

Property TypeLand
Floors12
Building Size130,858 ft²
Lot Size14,693 ft²
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