Lt 2 Read Street E, Merrickvillewolford

Living area: 1 sqft
Type: Lots and Land
Added: 4 months ago
Updated: 2 months ago
Last Checked: 7 hours ago
Listed by: ROYAL LEPAGE TEAM REALTY

Listing description
This Vacant Lot at Lt 2 Read Street E Merrickvillewolford, ON with the MLS Number x12316001 listed by Stephanie Beauregard - ROYAL LEPAGE TEAM REALTY on the Merrickvillewolford market 4 months ago at $1,350,000.

This amazing 1.264-acre commercial lot presents a rare and highly desirable opportunity for developers and investors. Fully zoned and site plan approved for a 43-unit rental apartment building, significantly reducing timelines and offering significant income potential All major utilities are available at the street, further simplifying development. The location is exceptionally desirable, just walking distance from the community centre, library, historic locks, shops, restaurants, and patios. This will make renting units easy, as that is what everyone is looking for in a rental. This building is well thought out in its design, and features one and two bedrooms, with an elevator, for anyone who cannot take the stairs. All plans and reports are provided to get you started with your project, with 90% site plan approved this gives you a speedy and efficient start. With the potential for CMHC financing approval, this is a standout investment in one of the region's most charming and in-demand areas. Don't miss this turnkey development site in the heart of Merrickville. (id:1945)

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Interior Features Discover the interior design and amenities

Living Area: 1

Exterior & Lot Features Learn about the exterior and lot specifics of Lt 2 Read Street E

Lot Size Units: acres
Lot Size Dimensions: 1.26

Location & Community Understand the neighborhood and community

Directions: Cross Streets: Between Read and St.Patrick. South of Drummond. ** Directions: Main Street to Read Street, Lot Between Read and St.Patrick. South of Drummond.
Street Dir Suffix: East

Tax & Legal Information Get tax and legal details applicable to Lt 2 Read Street E

Zoning Description: R3

Additional Features Explore extra features and benefits

List A O R: Ottawa
List A O R Key: 76
Frontage Length Numeric: 55
Frontage Length Numeric Units: meters

Nearby Listings Stat Estimated price and comparable properties near Lt 2 Read Street E

Active listings

Min Price

$140,000

Max Price

$3,990,000

Avg Price

$1,080,742

Days on Market

95 days

Sold listings

Min Sold Price

$575,000

Max Sold Price

$725,000

Avg Sold Price

$650,000

Days until Sold

93 days

Nearby Places Nearby schools and amenities around Lt 2 Read Street E

Goose & Gridiron The (0.4 km)
317 St Lawrence, Merrickville

Mainstreet Family Restaurant (0.5 km)
112 Main St W, Merrickville

Mrs. McGarrigle's Fine Food Shop (0.4 km)
311 St Lawrence St, Merrickville

Yellow Canoe Cafe (0.5 km)
108 St Lawrence St, Merrickville

Baldachin Inn (0.5 km)
111 St Lawrence St, Merrickville

Lock 17 Bistro (8.8 km)
646 River Rd, Kemptville

Smiths Falls/Montague Airport (8.6 km)
Smiths Falls

Price History

Listed

July 30, 2025

by ROYAL LEPAGE TEAM REALTY

Lots and Land For Sale

$1,350,000

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Lt 2 Read Street E, Merrickvillewolford

Listing description This Vacant Lot at Lt 2 Read Street E Merrickvillewolford, ON with the MLS Number x12316001 listed by Stephanie Beauregard - ROYAL LEPAGE TEAM REALTY on the Merrickvillewolford market 4 months ago at $1,350,000.

Nearby Listings Stat Estimated price and comparable properties near Lt 2 Read Street E

Nearby Places Nearby schools and amenities around Lt 2 Read Street E

Price History

Similar Vacant Land For Sale

Listing description
This Vacant Lot at Lt 2 Read Street E Merrickvillewolford, ON with the MLS Number x12316001 listed by Stephanie Beauregard - ROYAL LEPAGE TEAM REALTY on the Merrickvillewolford market 4 months ago at $1,350,000.