3055 Richmond Road, Ottawa
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:1945)
This listing content provided by
REALTOR.ca
has been licensed by REALTOR®
members of The Canadian Real Estate Association
members of The Canadian Real Estate Association
Property details for 3055 Richmond Road, Ottawa
- Type
- Lots and Land
- Living Area
- 11,033 square feet
- Lot Size
- 137.18 x 119.24 FT ; 1
- Annual Taxes
- $4,869
Nearby Listings Stat
Estimated price and comparable properties near 3055 Richmond Road
Active Listings
158
Min Price
$3,000
Max Price
$2,450,000
Avg Price
$604,433
Days on Market
67
days
Sold Listings
71
Min Sold Price
$114,000
Max Sold Price
$1,349,900
Avg Sold Price
$611,617
Days until Sold
54
days
Price History
Listed
July 10, 2026
by RE/MAX HALLMARK REALTY GROUP
Current Price
$1,049,000
-12.6% from last change
Type
Lots and Land
For Sale
Price Changes
2
| Date | Price | Change |
|---|---|---|
| Current | $1,049,000 | $151,000 (-12.6%) |
| Jul 10, 2026 | $1,200,000 | $300,000 (-20%) |
| May 1, 2026 | $1,500,000 | Listed |
