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Est. payment | /mo
12,398 SqFt
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Est. payment | /mo
12,398 SqFt
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 12,398 sqft
Subdivision 3504 - Castle Heights/Rideau High
MLS Listing ID X13552120
Annual Tax Amount $5,424
Tax Year 2025
Property Sub-Type Land
Property Description
*** Prime 12,400+ Sq. Ft. Development Site on St. Laurent Blvd. *** Attention developers and land-banking investors: This expansive 73' x 170.86' lot presents an outstanding opportunity on a central arterial main street. Current zoning permits a wide array of uses, including a community centre, day care, group home, place of worship/assembly, recreational facility, and much more. Beyond current uses, the groundwork for significant value-add has already been laid with a completed pre-consultation for Arterial Mainstreet (AM) rezoning, making this site a prime candidate for a high-density multi-residential or mixed-use project. (Please contact the listing agent directly for any questions regarding redevelopment). While you plan your build, the property offers excellent immediate utility through a unique dual-unit setup. The main three-bedroom home provides reliable holding income, with a consistent tenant currently paying $2,300/mo (month to month). The separate one-bedroom basement suite is unrented and vacant-a strategic advantage that allows a future owner to live on-site while managing development plans, or an investor to set their own market rent and optimize the property's capitalization rate. Located just five minutes from the heart of Downtown, the site boasts unbeatable proximity to the LRT, major hospital hubs, and Parliament Hill. Secure a massive footprint with immediate holding income and exponential future growth. Book your private viewing today.
Location
State ON
County Ottawa
Area Ottawa
Zoning IA1 (Institutional)
Exterior
Utilities Available Yes
Lot Frontage 73.0
Lot Depth 170.86
Others
ParcelsYN No
Listed by Ali Realty Group Inc.