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1468 David Rd

1.03 Acres of Commercial Land Offered at £1,197,850 in Rockland, ON K4K 1K7

Commercial Land Ontario Rockland 1468 David Rd, Rockland, ON K4K 1K7

Executive Summary

Build your next multifamily rental project next to the beautiful Rockland Golf Course within a new luxury residential subdivision starting construction Fall of 2024. Zoning is approved for medium density. A concept site-plan illustrates two 18- unit residential buildings (16 two bedroom units & 2 one bedroom units in each building) for a total of 36 units with 16 underground parking spaces per building plus 12 shared surface parking spaces. The new subdivision will have 234 units (100 towns, 122 Apts, & 12 condos). The listing price of $2,070,000 reflects a value of $1,085,000 per building lot being sold as one block. The projected market value of each completed building is greater than $6,950,000 based on the income approach. Roadways, sewer, water, hydro and gas services will be provided to the lot line by the Seller. Includes geotechnical, environmental and traffic studies. File for site-plan and go. Full architect drawings for the proposed 18-unit buildings are available if desired.

Attachments

18 unit apartment building pro forma (single building)

Property Facts

Price £1,197,850 Property Subtype Commercial
Sale Type Investment or Owner User Proposed Use Multifamily
No. Lots 1 Total Lot Size 1.03 AC
Property Type Land
Price £1,197,850
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Multifamily
Total Lot Size 1.03 AC

1 Lot Available

Lot

Price £1,197,850 Lot Size 1.03 AC
Price Per AC £1,162,961
Price £1,197,850
Price Per AC £1,162,961
Lot Size 1.03 AC

Zoning approved for low-rise multifamily up to 36 units within two buildings of 18 units each.

Description

Build your next multifamily rental project next to the beautiful Rockland Golf Course within a new luxury residential subdivision starting construction Fall of 2024. Zoning is approved for medium density. A concept site-plan illustrates two 18- unit residential buildings (16 two bedroom units & 2 one bedroom units in each building) for a total of 36 units with 16 underground parking spaces per building plus 12 shared surface parking spaces. The new subdivision will have 234 units (100 towns, 122 Apts, & 12 condos). The listing price of $2,070,000 reflects a value of $1,085,000 per building lot being sold as one block. The projected market value of each completed building is greater than $6,000,000 based on the income approach. Roadways, sewer, water, hydro and gas services will be provided to the lot line by the Seller. Includes geotechnical, environmental and traffic studies. File for site-plan and go. Full architect drawings for the proposed 18-unit buildings are available if desired.

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zoning

Zoning Code R3 (R3 allows for low-rise multifamily. This site will permit two buildings of 18 units each.)
R3 (R3 allows for low-rise multifamily. This site will permit two buildings of 18 units each.)
(877) 398-8068

Contact

  • Mitch Gauzas
    Mitch Gauzas
  • Keller Williams Integrity Realty – Ottawa

  • Listing ID: 31815391

  • Date on Market: 15/05/2024

  • Last Updated:

  • Address: 1468 David Rd, Rockland, ON K4K 1K7

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Block 1 Golf Ridge Rendering
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1468 David Rd
(877) 398-8068 x

1468 David Rd

Mitch Gauzas

(877) 398-8068

(877) 398-8068

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