For Sale: 89 Richmond Road, Ottawa, ON - REW
Boost your listing
Listing featured. Your listing will be featured on REW.
View featured placement
$2,499,999
0 bd • 0 ba • sf • Land/Lot
89 Richmond Road
Street ViewDirections
$2,499,999
Get pre-approved

89 Richmond RoadOttawa, ON, K1Z 6V8

Westboro
  • 0 Bed
  • 0 Bath
  • Sqft
  • Land/Lot

About this home

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:63626)
Listed by: Claude Parent, Salesperson, RE/MAX HALLMARK REALTY GROUP

Home facts and features

Price details
List Price
$2,499,999
Get Pre-Approved
Gross Taxes for 2025
$11,279
Home facts
Bedrooms
0
Full Bathrooms
0
Property Type
Land/Lot
Depth
100 feet
Frontage
40.0 feet
Community
Agent details
Primary Agent
Claude Parent
Primary Broker
RE/MAX HALLMARK REALTY GROUP
Listing details
Days on REW
33 Days
MLS® Number
X13075310
Source
Canadian Real Estate Association
Board
Ottawa Real Estate Board
Is this your listing? Help it to stand out.

Mortgage Calculator

Estimated Payments
Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
3.99%

Connect with our mortgage partner

REW Money

REW Money

REW Money

Connect with a mortgage expert

Connect to a mortgage specialist

REW Money
REW Money

They will connect with you to understand where you are in your journey and how they can best guide you.

  • %
Name*
Email*
Phone*
Purchase City*
What best describes your current situation?
Loan Details
Amortization
Years
Mortgage Amount
Down Payment

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.

The displayed rates are provided as guidance only, are not guaranteed, or are to be considered an approval of credit. Approval will be based solely on your personal situation. You are encouraged to speak with a Mortgage Professional for the most accurate information and to determine your eligibility.

The displayed rates are provided as guidance only, are not guaranteed, or are to be considered an approval of credit. Approval will be based solely on your personal situation. You are encouraged to speak with a Mortgage Professional for the most accurate information and to determine your eligibility.

Property Insights

Hilson Avenue Public School
  • Public
  • JK - 6
Elmdale Public School
  • Public
  • JK - 6
St George Elementary School
  • Catholic
  • JK - 6
Fisher Park/Summit AS Public School
  • Public
  • 7 - 8
Churchill Alternative School
  • Public
  • JK - 6
Connaught Public School
  • Public
  • JK - 6
É Élém C Saint-François-d'Assise
  • Catholic
  • JK - 6
St Elizabeth Elementary School
  • Catholic
  • JK - 6
W.E. Gowling Public School
  • Public
  • JK - 6
Nepean High School
  • Public
  • 9 - 12
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
Report Incorrect Info
Full Name*
Email*
Select School
Reason

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.
Thank You!
We really appreciate your help improving our home search experience. Our team will look into this issue as soon as possible.
Close

Cities near Westboro

Neighborhoods near Westboro

Listing data is subject to copyright, disclaimer, and additional requirements from the data provider. See our Terms of Use for terms applicable to this listing. Listing data was last updated on 2026-06-04.
Call Agent
Salesperson
Claude Parent
Phone:
(613) 222-2299
Office:
613-563-1155
Share this Property
Text Message
Share this Property
Recipient Email Address*
Your Name
Your Email Address*

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.