465-469 Guy Street Ottawa, Ontario K1K 1C1

14,402 ft2

$1,999,000

Two contiguous single-family freehold homes packaged 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 rezoning, 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. (id:19720)

Property Details

MLS® Number X12424140
Property Type Vacant Land
Community Name 3503 - Castle Heights

Building

Size Interior 14,402 Ft2
Utility Water Municipal Water

Land

Acreage No
Size Depth 120 Ft ,6 In
Size Frontage 120 Ft ,3 In
Size Irregular 120.26 X 120.5 Ft
Size Total Text 120.26 X 120.5 Ft
Zoning Description Changing To N4b[2064] H(11) With Final Draft Plan

https://www.realtor.ca/real-estate/28907416/465-469-guy-street-ottawa-3503-castle-heights

Contact Us

Contact us for more information

Mitch Gauzas
Salesperson

(613) 302-5752
www.mitchgauzas.com/
www.facebook.com/michgauzasrealestate/

Royal LePage Integrity Realty
2148 Carling Ave., Unit 6
Ottawa, Ontario K2A 1H1

(613) 829-1818
royallepageintegrity.ca/