• Mobile: 416-671-5246
  • Office: 416-289-3000
  • Fax: 416-289-3008
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Jag Patel

 Broker
HomeLife/ Miracle Realty LTD, Brokerage Independently owned and operated. 22 Slan Ave. Scarborough Toronto , Scarborough, Ontario M1B 3B2 Cell: 416-671-5246Office: 416-289-3000Fax: 416-289-3008

$1,898,000
Available - For Sale
Listing ID: X12128077
243-245 Hinchey Aven , West Centre Town, K1Y 1L9, Ottawa


PERMIT READY, SITE PLAN APPROVED 16 UNIT DEVELOPMENT SITE SITUATED IN THE HEART OF HINTONBURG. Welcome to 243 - 245 Hinchey Avenue, two side-by-side lots being sold together in one of Ottawa's most vibrant and evolving neighborhoods. Together, the lots offer approximately 0.146 acres (6,330 sq. ft.) of prime urban land with a combined frontage of 65.92 feet and a depth of 96 feet. This central location is steps from Tunney's Pasture, LRT transit, Scott Street amenities, and Wellington Village shops and restaurants, offering unbeatable walkability and convenience. Whether you're looking to build and hold or sell completed units in a high-demand area, this property checks all the boxes. This project is eligible for CMHC's MLI Select program, offering lucrative 40-50 year financing options.
Price $1,898,000
Taxes: $8083.63
Tax Type: Annual
Occupancy: Vacant
Address: 243-245 Hinchey Aven , West Centre Town, K1Y 1L9, Ottawa
Postal Code: K1Y 1L9
Province/State: Ottawa
Legal Description: See attachment
Directions/Cross Streets: Scott St & Hinchey Ave
Washroom Type No. of Pieces Level
Washroom Type 1 0
Washroom Type 2 0
Washroom Type 3 0
Washroom Type 4 0
Washroom Type 5 0
Category: Apartment
Building Percentage: F
Total Area: 0.15
Total Area Code:  Acres
Washrooms: 0
Heat Type: None
Central Air Conditioning: No
Sewers: Sanitary+Storm
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$
$ /Year
%
$ /Year
$ /Year
$ /Year
Years
%
%
Percent Down:
Down Payment $94,900 $189,800 $284,700 $379,600
First Mortgage $1,803,100 $1,708,200 $1,613,300 $1,518,400
CMHC/GE $72,124 $52,954.2 $45,172.4 $0
Total Financing $1,875,224 $1,761,154.2 $1,658,472.4 $1,518,400
Monthly P&I $9,253.89 $8,690.98 $8,184.26 $7,493.03
Expenses $0 $0 $0 $0
Total Payment $9,253.89 $8,690.98 $8,184.26 $7,493.03
Income Required $347,020.93 $325,911.66 $306,909.8 $280,988.6

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

$
%
Years
$4,683.14
This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ENGEL & VOLKERS OTTAWA
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Jag Patel
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416-671-5246
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416-289-3000
Fax:
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At a Glance:
Type: Com - Investment
Area: Ottawa
Municipality: West Centre Town
Neighbourhood: 4202 - Hintonburg
Style:
Lot Size: x 96.00(Feet)
Approximate Age:
Tax: $8,083.63
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
Air Conditioning:
Pool:
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