Prime Development Opportunity, 5 Minutes from Downtown Ottawa! Attention developers and investors! Are you looking for a development opportunity on a prominent Ottawa street? Look no further! This rarely offered 12,000+ sq. ft. lot (73 x 170.86) has outstanding potential in a highly desirable central location. Currently zoned IA1 (Institutional), the property has already undergone pre-consultation for rezoning to AM (Arterial Mainstreet), unlocking opportunities for high-density residential, mixed-use commercial, or multi-unit rental development. Perfectly positioned just minutes from downtown Ottawa, this site is within walking distance to public transit, parks, schools, shopping, dining, and major employment hubs - a location that ensures strong rental demand and long-term appreciation.The property currently includes a rented 3-bedroom, 2-bathroom residence with a workshop area plus a separate 1-bedroom basement apartment with private entrances, providing immediate rental income. With zoning flexibility, income potential and an unbeatable location, this is a versatile investment with both short-term returns and long-term growth in one of Ottawas fastest-developing corridors. Don't miss this opportunity, book your private viewing today. (id:37351)
MLS® Number | X12366549 |
Property Type | Single Family |
Community Name | 3504 - Castle Heights/Rideau High |
EquipmentType | Water Heater |
Features | In-law Suite |
ParkingSpaceTotal | 7 |
RentalEquipmentType | Water Heater |
BathroomTotal | 3 |
BedroomsAboveGround | 3 |
BedroomsTotal | 3 |
Appliances | Dishwasher, Dryer, Stove, Washer, Refrigerator |
BasementFeatures | Apartment In Basement, Separate Entrance |
BasementType | N/a |
ConstructionStyleAttachment | Detached |
CoolingType | Central Air Conditioning |
ExteriorFinish | Brick Veneer |
FoundationType | Poured Concrete |
HalfBathTotal | 1 |
HeatingFuel | Natural Gas |
HeatingType | Forced Air |
StoriesTotal | 2 |
SizeInterior | 1,100 - 1,500 Ft2 |
Type | House |
UtilityWater | Municipal Water |
No Garage |
Acreage | No |
Sewer | Sanitary Sewer |
SizeDepth | 170 Ft ,6 In |
SizeFrontage | 72 Ft ,8 In |
SizeIrregular | 72.7 X 170.5 Ft |
SizeTotalText | 72.7 X 170.5 Ft |
ZoningDescription | Ia1 (institutional) |
Contact us for more information
Akash Sharma
Salesperson
(888) 311-1172
www.joinreal.com/