89 Richmond Road
Westboro - Hampton Park, ON
- Vacant Land
- 122 days on market
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.
Listing Details
- Taxes (2026)
- $11,279
- Listed
- May 2, 2026
Price History
Property
- Lot Size
- 40 x 100 Feet
Location & Legal
- Cross Street
- Island Park Drive
- Parcel Number
- 040210110
- Possession
- Flexible
- Occupancy
- Vacant
Schools
Elementary
- Hilson Avenue Public School0.1 km
Public · Ottawa-Carleton DSB · 250 students
Grade 3 reading: 87% met the provincial standard · Grade 6 math: 59% met the provincial standard
- Elmdale Public School0.7 km
Public · Ottawa-Carleton DSB · 565 students
Grade 3 reading: 97% met the provincial standard · Grade 6 math: 89% met the provincial standard
- Churchill Alternative School0.9 km
Public · Ottawa-Carleton DSB · 200 students
Grade 3 reading: 93% met the provincial standard · Grade 6 math: 62% met the provincial standard
Secondary
- Nepean High School1.7 km
Public · Ottawa-Carleton DSB · 1270 students
Grade 10 literacy: 94% met the provincial standard
- St Nicholas Adult High School1.8 km
Catholic · Ottawa CSB · 620 students
- Notre Dame High School2.1 km
Catholic · Ottawa CSB · 430 students
Grade 10 literacy: 83% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area K1Z
- Population
- 22,714
- Private dwellings
- 11,642
- Median age
- 38.4
- Average household size
- 2.1
- Median household income
- $77,000
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
Residential Freehold in Westboro - Hampton Park · last 12 months
- Median sold price
- $922,500
- Homes sold
- 146
- Median days on market
- 21
- Sale-to-list price
- 98.1%
Based on 146 recorded sales of residential freehold properties in Westboro - Hampton Park over the last 12 months.
Listed by
RE/MAX HALLMARK REALTY GROUP
Walk Score
Walk
Transit
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Scores by Walk Score®
Location
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Mortgage Calculator
$500,000
Estimated Monthly Payment
$12,282
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $12,282/mo (20% down, 5.5%)
Taxes: $940/mo · Insurance: $625/mo
Estimates only. Consult a financial advisor.
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