Single-family detached home with R4D zoning and proposed new Ottawa Mainstreet 1 (MS1) commercial zoning, presenting a compelling opportunity for investors, developers, and land bankers. Currently configured as a single-family residence with potential for duplex conversion, providing immediate rental income opportunities while planning for future redevelopment. Situated on a desirable 50' x 100' lot, the property offers significant upside through a variety of permitted uses under existing R4D zoning, with additional future potential through the proposed MS1 designation. Municipal water and sewer services are available, and hydro servicing is in place, enhancing the site's development appeal. The existing home is comfortable and functional, making this an ideal buy-and-hold asset with income potential today and long-term redevelopment value for the future.
Flooring: Hardwood, Flooring: Ceramic, Flooring: Linoleum, Opportunity knocks! Superb location, this bungalow on nearly 50 x 100 lot has sooo much potential!!! Use as is, rent out a portion, rent it all, renovate, rent-till-redevelop +++ Beautiful view of the magnificent Ottawa River as you step onto the front porch, look North, with early morning Eastern Sun gently bathing your face. Come home in the evening to the Sun pouring into the dining and kitchen areas, over the sizable deck and large back garden. New LRT station just a short walking distance, Exquisite Riverside Walking Paths within view! Super well serviced by Lincoln Fields Shops, Carling and Richmond. .. options galore! Hardwood throughout lovingly cared for main floor, open and large lower level set up ideal for hosting family or an Algonquin College Boarder. .. close to Great Shops within walking distance. Around the corner from NEW LRT STATION, O-Train!!! Easy to show. .. come check the spaces and views for yourself!
TREB #X9441076
Jun 28, 2024
Listed
$799,900
TREB #X9430404
Mar 4, 2024
Listed
$839,900
As the MLS and public records start to fill up, we'll list the details here.