Land Development

Land Development can be an extremely profitable way to invest in Real Estate, but it can also be risky if you don’t know what you’re doing. As the old adage goes “LOCATION, LOCATION, LOCATION!”

Rich Ottawa Investments Inc. (ROI) currently has a development project underway in the east end of Ottawa that’s located down the street from the Montfort Hospital and the Aviation Parkway.

The land is 17,000 sq/ft. The front portion of the land is zoned R4 and the back portion is zoned R1, which opens the door to many possibilites. As is, this location is ideal to create a multi-family residential project, single family homes or a large private estate home. There is also potential to rezone to commercial as well.

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CLICK HERE: Link to illustration

CLC has completed the sale of three of the site’s development blocks. The contract for the construction of the internal road and services has been awarded and work is expected to commence around the beginning of August. Building activities on the sold blocks are not anticipated to commence until late 2012 or early 2013. The final two development blocks are actively being marketed. Block A (2.4 acres) and Block B (1.5 acres) allow for condominium apartments and seniors residential opportunities respectively.

Click here for updates on CLC Development

This development creates an amazing opportunity for commercial development on our site. There may be an opportunity for investors who would like to participate in this development.