Ottawa East Development Lot For Sale

$950,000

Semi Detached

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Ottawa East Development lot for saLE!!

LOCATED IN THE CORE OF THE CITY THIS OTTAWA EAST Development Lot has great potential. situated at the corner of Greenfield Ave. and Concord St. North. Steps away from the canal, and a short walk to Ottawa university and more.

Current structure is a double: two semi detached houses with no lot severance. Property had a fire years ago and needs a significant amount of restoration. Engineer’s report on file which states the foundation is in good standing. Report available to interested parties. Possibility to restore existing structure or build a similar structure on existing foundation. Zoning is R4UD which allows for multiple uses. Some Uses include:

- - - - bed and breakfast
        
        planned unit development
        
        retirement home
        
        rooming house
        
        detached dwelling
        
        duplex dwelling
        
        group home

3 storey to 4 storey semi-detached properties, and low rise apartment building are also allowed uses in this zoning designation. Fotenn Planning and design has provide a report on the property which deems it’s highest and best use a low rise apartment building. This report also speaks to potential to build a structure with two semi-detached units consisting of 3 stories and approximately 3000 square feet each. Fotenn Planning Report available upon request.

Opportunity to infill and help solve Ottawa’s inventory issues. Ottawa East Development is booming. Recent city approved development of a low rise apartment building with 16 units directly Across the street from this property. This Ottawa east development lot is a great opportunity to invest. With a high probability of City Approval for Fotenn’s suggested use, and possibly more. Architectural drawings on file: concept site plan and floor plans. These concept drawings along with elevation rendering available upon request. Contact Listing Agent For more information.

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Essential Information

Listing #
Price:: $950,000
Year Built:
Total Bedrooms:
Total Bathrooms:
Half Baths:
Property Type:: Residential
Basement:: Full
Transaction:: Fee Simple

Property Specifications

Parking Spaces:: 2-4
Maintenance Fees:: NA
Heating:: Forced Air
Cooling:
Fireplace:: No

Listing Details

Listing Office:: Sutton Group Ottawa Realty
More Info:: Click Here

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