For Sale · Ottawa · Vacant Land

$1,049,000

3055 RICHMOND ROAD, Ottawa

11,033

Sq Ft

About This Home

The details.

Exceptional investment opportunity in the heart of Ottawa's Britannia Heights! This centrally located property comes with Site Plan Approval for 21 residential units and 9 parking spaces, and will be rezoned to R4 on closing. Building permits are expected within 30-60 days, with a construction timeline of just 12-18 months. Situated near the upcoming LRT station and just seconds from the highway, this location offers unmatched convenience. Walking distance to shops, a movie theatre, and Bayshore Shopping Centre-Ottawa's second-largest mall-this is a high-demand area ideal for attracting quality tenants. The property currently includes a home rented at $1,000/month, providing holding income. Significant soft costs have already been covered, including rezoning, engineering reports, ESA, and urban planning. Flexible options available: purchase the land and build yourself, or the vendor can deliver the completed project. With a strong location, transit access, and approvals in place, this is a turnkey development opportunity poised for success. Don't miss out on securing your future in Ottawa's thriving real estate market! (id:66635)

Summarizing the highlights...

MLS® X13550012Listing courtesy of RE/MAX HALLMARK REALTY GROUPView on map Street view

Property Details

Facts & features.

Property type: Vacant Land
Size: 11,033 sqft
Listed on: 2026-07-10
Days on market: 5
MLS number: X13550012
Data source: Ottawa Real Estate Board

July Value

What this home is worth.

Calculating a July Value estimate...

Realtor Recommended

JULY advisors for this home.

Bart Pukacz
Real Estate Advisor
Residential, Investment Properties, Presale Condos
Profile 604.721.1439
Han Lee
Real Estate Advisor
Residential, Investment Properties, Luxury Properties
Profile
Iñaki Sarmiento
Real Estate Advisor
Residential, Investment Properties
Profile 778.954.6254

My Notes

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Location

Where it sits.

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Run The Numbers

Mortgage and cash flow.

Mortgage calculator.

Home priceDown payment20%Rate (%)Amortization

Monthly mortgage payment

$4,906

$839,200 financed over 25 years at 5%. For guidance only, not a quote or approval.

Cash flow analysis.

Property tax / moMaintenance / moRental income / mo

Monthly cost (mortgage + tax + maintenance)

$4,906

Cash flow

-$4,906

Estimates for education only. Talk to a JULY advisor for real numbers on this home.

Ottawa right now

1,447

Active listings

1,828

New this week

$569,900

Median asking price

Live snapshot from the MLS® feed. Sold-price history and trend charts arrive with our VOW data feed.

The Neighbourhood

Living in Ottawa.

Household and demographic stats for Ottawa, from the Statistics Canada 2021 Census.

1,017,449
Population (2021): 40
Median age: 407,255
Households: 2.5
Avg household size: 63.9%
Home ownership: $102,000
Median household income

Ottawa market trends

Source: Statistics Canada 2021 Census, Ottawa, City, Ontario.

Schools

Nearby schools.

K-12 schools closest to this home, with straight-line distances.

St. Rose of Lima Elementary School
catholic · elementary
420 m
Abraar
independent · k12
500 m
Al Furqan School
independent · elementary
550 m
Bayshore Public School
public · elementary
720 m
Mindware Academy
independent · elementary
810 m
St. Timothy's Classical Academy
independent · elementary
910 m

Source: Statistics Canada, Open Database of Educational Facilities. Distances are straight-line, not walking routes. Catchment boundaries change; always confirm with the school district.

Similar Homes

Nearby homes like this one.

Rental Market

Renting nearby.

Active rentals close to this home, for rent-versus-buy context and investors sizing up cash flow.

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Listing information is provided courtesy of the Canadian Real Estate Association's Data Distribution Facility (DDF®) and is deemed reliable but is not guaranteed accurate by JULY Realty or CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.