Property Description

*Unlock 12,000+ Square Feet of Central Ottawa Potential* - Attention developers and land-banking specialists: this rarely offered 73-foot by 170.86-foot lot offers an outstanding main-street central location with a clear path to high-density redevelopment. Groundwork for significant value-add has already been laid through a completed pre-consultation for Arterial Mainstreet (AM) rezoning, making this site a prime candidate for a high-density multi-residential or mixed-use project that aligns with Ottawa's aggressive intensification targets.The site currently features a unique dual-unit setup that offers immediate utility. The main three-bedroom house generates consistent income from a reliable tenant, while the separate one-bedroom basement suite is currently vacant and ready for its next chapter. This vacancy is a major benefit, providing a blank canvas for an owner-occupier to move in and live while managing the development plans, or for an investor to optimize the suite and maximize the property's total cap rate.Located just 5 minutes from the heart of Downtown, the location is truly unbeatable. Proximity to the light rail system, major hospital hubs, and Parliament Hill ensures that any future project on this site will be a highly sought-after destination for professional tenants and residents alike. Scale and location meet perfectly in this fast-developing corridor. Don't miss your chance to secure a massive footprint with immediate income and massive future growth-book your private viewing today. (id:52350)

Property Features