$2,499,999
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89 Richmond Road, Ottawa, ON K1Z6V8

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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. (id:58753)

Listing By: Claude Parent - RE/MAX HALLMARK REALTY GROUP cncrea2 Realty.com
  • MLS® X13075310
  • Date Listed05/03/2026
  • Days on Realty 35 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size -

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features -

Directions

Cross Streets: Island Park Drive. ** Directions: Located just West of Island park Drive on the North side of Richmond Road.

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for K1Z6V8

Discover key demographics, population statistics, and environmental insights for the Ottawa, ON area.

Walkability in ON / K1Z6V8

Source: Walk Score

94/100

Walker's Paradise

Walk Score ®

83/100

Excellent Transit

Transit Score ®

100/100

Biker's Paradise

Bike Score ®

Overview

Daily errands do not require a car. Transit is convenient for most trips. Daily errands can be accomplished on a bike.

Transit Summary

52 nearby routes: 51 bus, 1 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 69/100, Transit Score: 60/100, Bike Score: 83/100.

Points of Interest near 89 RICHMOND ROAD, Ottawa, ON K1Z6V8

Frequently Asked Questions for 89 RICHMOND ROAD

Source: Realty.com

89 RICHMOND ROAD, Ottawa, ON K1Z6V8 in Ottawa, ON K1Z6V8 is a land listed at $2,499,999. Realty.ca has 1 photos, sales history, school insights, and mortgage tools for this listing.

The full address for this home is 89 RICHMOND ROAD, Ottawa, ON K1Z6V8.

89 RICHMOND ROAD has been listed on Realty.com since Sun May 03, 2026

Daily errands do not require a car. Transit is convenient for most trips. Daily errands can be accomplished on a bike.

The average walkability score in the surrounding area is Walk Score: 69/100, Transit Score: 60/100, Bike Score: 83/100.

Listing provided courtesy of: RE/MAX HALLMARK REALTY GROUP
Listing agent: Claude Parent

This content last refreshed on 2026-06-07 00:54:42. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.