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$1,999,000
Est. payment /mo
14,402 SqFt
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Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 14,402 sqft
Price per Sqft $138
Subdivision 3503 - Castle Heights
MLS Listing ID X12424140
Annual Tax Amount $9,222
Tax Year 2025
Property Sub-Type Land
Property Description
Two contiguous single-family freehold homes packaged together for a multifamily redevelopment site or a buy-and-hold opportunity. An urban mature neighbourhood location in Ottawa's East, near St Laurent Shopping Centre, lots of retail plazas, restaurants, medical centres and other basic amenities. Proximity to Highway 417. The site is connected with full municipal services. The total frontage is 120 feet by 120 feet in depth, offering a combined lot of 14,402 square feet. Each home is rented at market rents, providing passive income during a redevelopment planning period. The draft Ottawa rezoning, which is expected to be approved within a year, offers favourable multifamily density for this site. A concept feasibility study proposes a 35-unit multifamily project with mostly 2-bedroom and some 1-bedroom units. A concept floor plan is available for your review. The two homes must be sold together.
Location
Province ON
County Ottawa
Community 3503 - Castle Heights
Area Ottawa
Exterior
Utilities Available Yes
Lot Frontage 120.26
Lot Depth 120.5
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Listed by ROYAL LEPAGE INTEGRITY REALTY
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