244, 250, 256, 258 Hannah Street Ottawa, Ontario K1L 7N2

$2,822,000

Own the Block!!! Prime Vanier-North Land Assembly with Exceptional Income & Redevelopment Potential. A rare and strategic opportunity to secure four side-by-side multi-family parcels at 244, 250, 256 & 258 Hannah Street in Ottawa's rapidly evolving Vanier-North. Together, they span approximately 18,100 sq. ft. with an impressive 181 feet of frontage just steps from the revitalized Montreal Road corridor. Currently improved with a legal duplex and three legal triplexes, the site delivers 11 fully tenanted units producing $233,700 in gross annual rent and $156,058 NOI. Suites range from bachelors to spacious 4-bedroom layouts, providing strong, diversified rental appeal. The property features a large paved parking lot between 250 & 256 Hannah and over 24 on-site parking spaces, a rare commodity in the core. Two detached garages add valuable storage income potential and are currently owner-occupied. Zoned R4UA-c, the site is primed for higher-density redevelopment. For visionary investors, theres the potential to expand further by incorporating adjacent 242 Hannah (50 lot) and 232-234 Hannah (MLS# X12314321, 40 lot), creating a contiguous 270-foot frontage and approximately 27,100 sq. ft. redevelopment footprint. This is an unmatched opportunity to hold for income, improve for stronger returns, or redevelop at scale in Ottawa's urban core. Assemblies of this size, zoning, and location rarely come to market and when they do, they don't last long. The possibilities are endless, secure your stake in Vanier's transformation today. (id:43934)

Business

Business Type	Residential
Business Sub Type	Apartments

Property Details

MLS® Number	X12348278
Property Type	Multi-family
Community Name	3402 - Vanier
Amenities Near By	Highway, Public Transit

Building

Cooling Type	Partially Air Conditioned
Heating Type	Other
Size Interior	5,908 Ft2
Type	Multi-family
Utility Water	Municipal Water

Land

Acreage	No
Land Amenities	Highway, Public Transit
Size Depth	100 Ft
Size Frontage	181 Ft
Size Irregular	181 X 100 Ft
Size Total Text	181 X 100 Ft
Zoning Description	R4ua-c

https://www.realtor.ca/real-estate/28741685/244-250-256-258-hannah-street-ottawa-3402-vanier