3055 RICHMOND Road

Britannia Heights - Queensway Terrace N and Area, ON

11,033 sqft
Land
123 days on market

$1,200,000

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!

Listing Details

Taxes (2025): $4,869
Listed: April 30, 2026

Price History

Listing history

Property

Lot Size: 137.18 x 119.24 Feet

Utilities

Sewer: Sanitary

Location & Legal

Cross Street: Bayshore/Dumaurier
Zoning: R4
Parcel Number: 039420031
Possession: Flexible
Occupancy: Tenant

Commercial

Business Type: Residential

Community

Postal area K2B

Population: 33,254
Private dwellings: 15,737
Median age: 39.6
Average household size: 2.2
Median household income: $72,000

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Commercial in Britannia Heights - Queensway Terrace N and Area · last 12 months

Median sold price: $573,000
Homes sold: 99
Median days on market: 30
Sale-to-list price: 97.3%

Based on 99 recorded sales of commercial properties in Britannia Heights - Queensway Terrace N and Area over the last 12 months.

Listed by

RE/MAX HALLMARK REALTY GROUP

Walk Score

Walk Score is unavailable for this address right now.

Location

Street View

Commercial figures

Building area: 11,033 sq ft
Price per sq ft: $108.76
Annual property tax: $4,869
Tax per sq ft: $0.44

Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.

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