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$ 1,225,000
Est. payment | /mo
3 Beds
$ 1,225,000
Est. payment | /mo
3 Beds
Key Details
Property Type Vacant Land
Sub Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision 3502 - Overbrook/Castle Heights
MLS Listing ID X11992492
Style 2-Storey
Bedrooms 3
Annual Tax Amount $5,300
Tax Year 2024
Property Sub-Type Vacant Land
Property Description
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!
Location
Province ON
County Ottawa
Community 3502 - Overbrook/Castle Heights
Area Ottawa
Rooms
Family Room Yes
Basement Full, Finished
Kitchen 1
Interior
Interior Features None
Cooling None
Fireplace No
Heat Source Gas
Exterior
Parking Features Inside Entry
Pool None
Waterfront Description None
Roof Type Asphalt Shingle
Lot Frontage 73.0
Lot Depth 170.86
Total Parking Spaces 8
Building
Unit Features Public Transit,Park
Foundation Concrete
Listed by POWER MARKETING REAL ESTATE INC.
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