$1,099,000
344 MCRAE AVENUE
Beds
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Baths
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Sqft
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Year
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Type
Vacant Land
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Ottawa. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Last piece of land for development on the west side of McRae. This piece of land is surrounded by a small park and high rise development to the north and a Subaru dealership to the south. Many possibilities to develop multi family/commercial usage. The zoning is GM [1576] H(15) please see City of Ottawa website for development USES. The location speaks for itself across from Farm Boy, Second Cup, and within walking distance of Real Canadian Superstore, LCBO, Restaurants, and all the shops Westboro has to offer and a stone's throw to the LRT transit system. With some work this could make a great small commercial office perfect for a lawyers office, dentist, accounting firm. See zoning for more uses. (id:65958)
- Subtype
- Vacant Land
- Community
- 5002 - Westboro South
- Living area
- 1,100 square feet
- Lot dimensions
- 40 x 110 FT ; 1
- On market
- Feb 17, 2026
- Status changed
- Apr 24, 2026
- Annual tax
- $7,372
- Zoning
- GM[1576]H(15)
- Photos
- 1
- MLS#
- X12793784
- Area
- OTTAWA
Cash on cash
-6.48%
Cap rate
3.57%
GRM
16.7
Break-even rent
$6,750
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.