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$ 800,000
Est. payment | /mo
4 Beds
3 Baths
$ 800,000
Est. payment | /mo
4 Beds
3 Baths
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision 3503 - Castle Heights
MLS Listing ID X12424686
Style 2-Storey
Bedrooms 4
Annual Tax Amount $5,016
Tax Year 2025
Property Sub-Type Detached
Property Description
This 4-bedroom, 3-bathroom home is currently rented and being sold as a package with the adjacent house at 469 Guy Street. These are 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 new official zoning designation for the property once finally approved by the city will be N4B. This will permit a height allowance of 12.5 meters, rear yard set back of 7.5 meters, front yard set back of 3 meters, and side yard set backs of 1.8 meters combined. No parking will be required with the new zoning. The total frontage is 120 feet by 120 feet in depth, offering a combined lot of 14,402 square feet. Initial estimates project a floor plate of approximately 9,690 sf with the incoming zoning. Both homes are rented for a combined amount of $6,100 per month. Utilities extra. Great passive income during a redevelopment planning period. The two homes must be sold together.
Location
State ON
County Ottawa
Area Ottawa
Zoning Changing to N4B[2064] H(11) with final draft plan
Rooms
Family Room No
Basement Unfinished
Kitchen 1
Interior
Interior Features None
Cooling Central Air
Fireplaces Type Wood
Exterior
Parking Features Private
Garage Spaces 1.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 60.0
Lot Depth 120.0
Total Parking Spaces 2
Building
Foundation Poured Concrete
Others
Senior Community No
ParcelsYN No
Listed by ROYAL LEPAGE INTEGRITY REALTY