306 Nelson Street Ottawa, Ontario K1N 7S4
$1,498,900
Unused Land! This property allows for the construction of six additional units (eight in total) while retaining the existing gorgeous duplex. With favorable zoning, ample lot size, and an existing duplex on one side of the lot, there's plenty of unused land available for expansion, all while complying with side yard setback regulations. Located just steps from Ottawa University and Downtown, this is a prime investment opportunity. You can retain the existing duplex for immediate income potential or occupy it yourself while determining the lot configuration. The two-unit building on the property can generate substantial income from day one. The property's land value alone presents a golden opportunity, and its spacious lot invites you to explore the potential for a lucrative multi-unit development. Serious buyers and developers should act now, schedule a showing, and seize this unique chance to unlock a world of possibilities in this exceptional land opportunity! (id:50982)
Property Details
| MLS® Number | 1364109 |
| Property Type | Vacant Land |
| Neigbourhood | Sandy Hill |
| Amenities Near By | Public Transit, Shopping |
| Road Type | Paved Road |
| Structure | Sidewalk, Patio(s), Porch |
Building
| Basement Development | Not Applicable |
| Basement Type | Unknown (not Applicable) |
| Fireplace Present | No |
| Utility Water | Municipal Water |
Land
| Access Type | Road Access |
| Acreage | No |
| Current Use | Development Residential |
| Land Amenities | Public Transit, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 93 Ft ,2 In |
| Size Frontage | 50 Ft ,10 In |
| Size Irregular | 0.11 |
| Size Total | 0.11 Ac |
| Size Total Text | 0.11 Ac |
| Zoning Description | R4ud |
Utilities
| Fully serviced | Available |
https://www.realtor.ca/real-estate/26234383/306-nelson-street-ottawa-sandy-hill
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November 03 2023 08:12:15
Ottawa Real Estate Board
Details Realty Inc.
