Meadowlands - Crestview and Area K2G 2V2
Canada

Property

Ownership: For Sale
Type: Unknown
Rooms: 7
Bedrooms: 5 BR
Bathrooms: 2
Pets: No Pets Allowed

Financials

Price:C999,900
($713,199)
(€616,853)
Annual Taxes:C4,687.53
505 Park Ave, New York, NY 10022

This corner property presents a rare and timely infill land assembly opportunity strategically located in a high demand, transit oriented node near Algonquin College and the Baseline LRT Station.

Description

This corner property presents a rare and timely infill land assembly opportunity strategically located in a high-demand, transit-oriented node near Algonquin College and the Baseline LRT Station. The property offers immediate revenue from its existing two-unit residential dwelling. Designated under the City of Ottawa's new planning framework for N3D Zoning, which is due to be enacted in early 2026, this future zoning permits significant intensification, specifically allowing for a maximum of 10 dwelling units per building and a height limit of 11 metres (3 storeys). Initial feasibility indicates potential for an 18-unit, two-building rental project on this single lot. The current upper-floor tenant is vacating at the end of December, providing a critical window for a developer to execute a live-in financing strategy while commencing the required planning and approvals for the high-density intensification immediately. All information regarding future zoning, development potential (including the 18-unit concept), and servicing capacity is based on draft documents and must be verified by the Buyer through independent due diligence. Opportunities to secure prime land under the new N3D density are extremely limited-act now to capitalize on the year-end vacancy!

Amenities

  • Accessory Apartment
  • Deck
  • In-Law Suite
  • Wood

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.