Two adjacent homes for sale in a sought after neighbourhood in East Ottawa.
Two contiguous single-family free hold home spackaged together for a multifamily redevelopment site or a buy-and-hold opportunity. An urban mature neighbourhood location in Ottawa’s East, near St Laurent Shopping Centre, lots of retail plazas, restaurants, medical centres and other basic amenities. Proximity to Highway 417.
The site is connected with full municipal services. The total frontage is 120 feet by 120 feet in depth, offering a combined lot of 14,402 square feet. Each home is rented at market rents, providing passive income during a redevelopment planning period.
The draft Ottawa are zoning, which is expected to be approved within a year, offers favourable multifamily density for this site. A concept feasibility study proposes a 35-unit multifamily project with mostly 2-bedroom and some 1 bedroom units.
A concept floor plan is available for your review. The two homes must be sold together.
Multifamily Redevelopment Sites in Ottawa
Assembled lots with income and multifamily potential are the most sought-after sites for Ottawa builders. Both homes are rented, so the property earns while you plan, and a concept study shows a 35-unit building of mostly 2-bedroom suites.
See more apartment buildings and multifamily for sale in Ottawa and development land for sale. Questions or a tour? Call Mitch Gauzas, REALTOR®, Royal LePage Commercial, at 613-302-5752 or email mitch@myottawaagent.com.