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$999,500
Est. payment /mo
4 Beds
3 Baths
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision 3503 - Castle Heights
MLS Listing ID X12424686
Style 2-Storey
Bedrooms 4
Annual Tax Amount $5,016
Tax Year 2025
Property Sub-Type Detached
Property Description
This 4-bedroom, 3-bathroom home is currently rented and being sold as a package with the adjacent house at 469 Guy Street. These are 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
Rooms
Family Room No
Basement Unfinished
Kitchen 1
Interior
Interior Features None
Cooling Central Air
Fireplaces Type Wood
Fireplace Yes
Heat Source Gas
Exterior
Parking Features Private
Garage Spaces 1.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 60.0
Lot Depth 120.0
Total Parking Spaces 2
Building
Foundation Poured Concrete
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Listed by ROYAL LEPAGE INTEGRITY REALTY
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