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67 Springhurst Av 0.32 Acres of Residential Land Offered at $1,262,226 USD in Ottawa, ON K1S 0E2

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INVESTMENT HIGHLIGHTS

  • Dynamite location just steps from the Rideau River, Rideau Canal & shops, restaurants and leisure pathways
  • Easily serviced as gas, water/sewer and Hydro at lot line
  • Zoning allows for a variety of building options
  • THIS PROPERTY IS BEING SOLD AS A FULL LOT (WITH AN EXISTING STRUCTURE WHICH SAVES ON DEVELOPMENT FEES). BUILDER WILL CONSIDER TO SELL 1/2 OF LOT

EXECUTIVE SUMMARY

Exceptional Development Opportunity in Ottawa East You won't find a better location for your next project. This prime 14,124+ sq. ft. lot offers an impressive 85 frontage and 165 depth just steps from the Rideau River, the Rideau Canal, and the new Main Street Promenade. Enjoy unbeatable walkability with shops, dining, schools, and leisure pathways right at your doorstep. Zoning allows for a variety of building options, including Singles bungalows, towns, duplexes, or triplexes (56 potential units) Stacked towns front-to-back semi-detached designs (space for up to 8 units) multi-family configurations flexible layouts to suit demand All services are located at the front of the property: natural gas, hydro, water, and sewer. The lot fronts onto a paved, one-way street, providing convenient access. A small minor variance could unlock the property's full potential. The existing brick 2-storey dwelling offers income potential while development plans are being processed. With a bit of TLC, it can serve as modest accommodation until redevelopment begins. The seller is also willing to assist with financing and applications on an acceptable offer with a solid development plan. Attachments include Clear soil test results, plans for optional designs, Aerial drone views (links provided). A rare offering in one of Ottawa's most desirable neighbourhoods ideal for builders, developers, and visionaries alike.

PROPERTY FACTS

Price $1,262,226 USD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Apartment Units
  • Single Family Development
  • Single Family Residence
Total Lot Size 0.32 AC
Zoning R3P (N4B) - Residential Third Density Zone

1 LOT AVAILABLE

Lot

Price $1,262,226 USD
Price Per AC $3,944,454.75 USD
Lot Size 0.32 AC

THIS PROPERTY IS BEING SOLD AS A FULL LOT (WITH AN EXISTING STRUCTURE WHICH SAVES ON DEVELOPMENT FEES). BUILDER WILL CONSIDER TO SELL 1/2 OF LOT AS APPLICATION FOR SEVERANCE HAS BEEN STARTED.

Walk Score®
Very Walkable (87)
Transit Score®
Excellent Transit (79)
Bike Score®
Biker's Paradise (100)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 31584148

  • Date on Market: 4/23/2024

  • Last Updated:

  • Address: 67 Springhurst Av, Ottawa, ON K1S 0E2

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