Overbrook - Castleheights and Area K1K 3A6

Property

Ownership: For Sale
Type: Unknown
Rooms: 8
Bedrooms: 3 BR
Pets: Pets No

Financials

Price:C1,225,000
($876,708)
(€784,940.60)
Annual Taxes:C5,300
505 Park Ave, New York, NY 10022

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!

Developers and Investors !


All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.