This property offers a significant opportunity for developers or investors. The existing house, a brick two-storey with a single garage, requires extensive renovation, but the value lies in the land and its zoning potential. The lot is ideally situated within walking distance to the Rideau River, Rideau Canal, and leisure pathways, offering excellent access to amenities and recreational spaces.\r\n\r\nThe zoning allows for a variety of development options, including single-family homes (bungalows, towns, duplexes, or triplexes), and the lot is large enough to accommodate multiple units, maximizing its potential. A small minor variance could unlock the full development capacity. The property is on a paved road, and the seller is willing to assist with financing and development applications for a buyer who has a strong offer and a clear plan for development. (id:47421)
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Detailed Information
Lot
42.75 x 165 ft
Amenities Nearby
Public Transit
Listing Contract Date
2024-11-05
Location Description
Main Street to Springhurst (one way going East)
Property Type
Vacant Land
Transaction Type
For sale
Zoning Description
R3P (N4B)
Building
Utility Power
Single Phase
Utility Water
Municipal water
Utilities
Type
Description
Natural Gas Available
Available
Land
Total Size
42.75 x 165 FT ; 0 | under 1/2 acre
Access Type
Year-round access
Amenities
Public Transit
Sewer
Sanitary sewer
Size of Irregular Land
42.75 x 165 FT ; 0
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