Prime Residential Development in Canal Estate
A high-value Joint Venture (JV) opportunity is now available in Okota, Isolo, Lagos. This prime property sits on a fenced and gated 1,339.586 sqm land within the secured Canal Estate, offering both redevelopment and income-generating possibilities. This opportunity is perfect for experienced developers and investors seeking a profitable and flexible JV structure in a fast-appreciating Lagos Mainland neighborhood.
📍 PRIME LOCATION – CANAL ESTATE, OKOTA / ISOLO
- Estate: Canal Estate
- Street Type: Gated and secure
- Proximity: Close to Cele Bus Stop, providing excellent accessibility
Canal Estate is known for its tranquil environment, security, and strong infrastructure, making it highly attractive to families, professionals, and corporate tenants. Its connectivity to Oshodi, Ilupeju, Festac, Ikeja, and Lagos Island ensures high demand for residential and rental properties.
📐 LAND & PROPERTY DETAILS
- Land Size: 1,339.586 Square Metres
- Land Condition: Fully fenced and gated
- Existing Structures:
- 8-bedroom en-suite detached duplex
- 2-room Boys’ Quarters (BQ)
- Mini-flat guest quarters
The property presents multiple development options:
- Renovate and generate rental income immediately
- Redevelop into multiple residential units
- Mixed-use development for optimal profitability
📜 TITLE & LEGAL STATUS
- Title: Certificate of Occupancy (C of O)
The secure title provides investor confidence, smooth project financing, and ease in obtaining approvals for redevelopment or construction.
🤝 JOINT VENTURE STRUCTURE
- Land Value: Open to deliberation
- Development Proposal: Open, but must be profitable
- Premium: Nil
- Sharing Ratio: Open to negotiation
- Facilitator’s Fee: 10%
This flexible structure allows both the landowner and developer to negotiate terms that reflect project scope, expected ROI, and investment capacity.
🏗️ DEVELOPMENT POTENTIAL
The property is suitable for a range of high-return residential developments, including:
- Luxury apartments or flats
- Terraced duplexes
- Serviced apartments or guest houses
- Short-let or long-term rental units
The size and layout of the land, combined with the gated estate location, offer developers an opportunity to create a modern, high-yield residential project.
📈 WHY INVEST IN OKOTA / ISOLO?
- Large, gated land in a secure estate
- Proximity to major transport hubs for easy accessibility
- Existing structures provide immediate or phased income potential
- High demand for residential properties and rentals in the area
- Flexible JV terms and no premium required
- Secure and marketable C of O title
Developments in Canal Estate historically enjoy fast absorption and high capital appreciation, making this JV an attractive opportunity.
📑 ENGAGEMENT PROCESS
Serious developers and investors are expected to:
- Submit a Letter of Interest (LOI)
- Conduct site inspection
- Review the title documents
- Present a development concept or proposal
- Agree on sharing ratio, timelines, and JV documentation
Only capable and serious partners should engage.
📞 CONTACT & ENQUIRIES
For JV discussions, inspections, and proposal submissions:
📱 Call / WhatsApp: 08034139285
🔔 FINAL NOTE
Opportunities like this, with fenced and gated land, existing high-value structures, flexible JV terms, and a secure title, are increasingly rare in Okota, Isolo. This is an excellent chance to collaborate on a profitable redevelopment or residential project in a prime Lagos Mainland location.
Real