- 3 Bedroom
- Forced Air
$1,225,000
Developers and Investors! Prime Ottawa Development Opportunity!Dont miss the chance to acquire a high-potential 12,000+ sq. ft. development site just 5-10 minutes from downtown Ottawa. Currently zoned IA1 (Institutional), with the potential for rezoning to AM (Arterial MainStreet), this site offers significant development potential for high-density residential, mixed-use commercial, or multi-unit rental projects.Located in a highly desirable area, its steps from public transit, parks, schools, restaurants, shopping, and moreensuring maximum returns. The area has strong rental demand and great appreciation potential, with close proximity to major commercial and employment hubs.The property includes a 3-bedroom, 3-bathroom main residence and a separate 1-bedroom basement apartment, providing immediate rental income. Additional revenue can be generated from parking rentals to nearby businesses, enhancing cash flow while planning your redevelopment.This is an exceptional opportunity to secure a versatile property with both short-term and long-term potential in Ottawas growing market. Call today to discuss the development possibilities! (id:50982)
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Details
| MLS® Number | X11992492 |
| Property Type | Vacant Land |
| Neigbourhood | Cummings |
| Community Name | 3502 - Overbrook/Castle Heights |
| Amenities Near By | Public Transit, Park |
| Parking Space Total | 8 |
| Bedrooms Above Ground | 3 |
| Bedrooms Total | 3 |
| Appliances | Dishwasher, Dryer, Stove, Washer, Refrigerator |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Exterior Finish | Brick |
| Foundation Type | Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Utility Water | Municipal Water |
| Inside Entry |
| Acreage | No |
| Land Amenities | Public Transit, Park |
| Sewer | Sanitary Sewer |
| Size Depth | 170 Ft ,10 In |
| Size Frontage | 73 Ft |
| Size Irregular | 73 X 170.86 Ft ; 1 |
| Size Total Text | 73 X 170.86 Ft ; 1|under 1/2 Acre |
| Zoning Description | Residential |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bedroom | 3.96 m | 2.2 m | 3.96 m x 2.2 m |
| Second Level | Bedroom | 4.11 m | 2.89 m | 4.11 m x 2.89 m |
| Second Level | Primary Bedroom | 4.11 m | 2.89 m | 4.11 m x 2.89 m |
| Main Level | Living Room | 5.94 m | 3.65 m | 5.94 m x 3.65 m |
| Main Level | Family Room | 6.4 m | 2.43 m | 6.4 m x 2.43 m |
| Main Level | Kitchen | 2.89 m | 2.74 m | 2.89 m x 2.74 m |
| Cable | Available |
| Sewer | Installed |
Map
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March 10 2025 08:31:18
Ottawa Real Estate Board
Power Marketing Real Estate Inc.