1085 Richard Avenue, Billings Bridge – Riverside Park and Area, ON K1H 8C3 – Billings Bridge – Riverside Park and Area – $850,000

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Description

Exceptional development opportunity just minutes from Ottawa’s downtown core. This prime lot is located in a rapidly transforming neighbourhood with numerous successful redevelopment projects nearby, highlighting the exciting potential of this site. Zoned R3A, the property offers flexibility for a variety of residential builds including triplexes, semi-detached homes, and townhouses. Buyers are advised to conduct their own due diligence regarding permitted uses. This property is being sold for land value only. The existing structure is not suitable for occupancy and is offered strictly AS IS WHERE IS with no warranties. Quick closing is preferred. Enjoy unbeatable proximity to Carleton University, Lansdowne Park, Old Ottawa South, The Glebe, and Blue Heron Mall just blocks away. The area is rich in amenities including restaurants, parks, bike trails, and convenient access to the LRT. Whether you’re an investor or developer, this is a rare chance to shape a project in one of Ottawa’s most promising urban pockets.

Property Details

• Property Type: Residential Freehold
• List Price: $850,000
• Tax Year: 2025
• Annual Taxes: $4,221