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$1,500,000
Est. payment /mo
4,951 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 4,951 sqft
Price per Sqft $302
Subdivision 4403 - Old Ottawa South
MLS Listing ID X12361322
Annual Tax Amount $8,050
Tax Year 2025
Property Sub-Type Land
Property Description
Located in the well-established and highly sought-after Old Ottawa South neighborhood, just South of The Glebe, this property is in a prime location in easy walking distance to the scenic Rideau Canal and Rideau River, Bank Street, shopping. Backs onto Woodbine Place, a quaint Village Lane in the heart of the City, and convenient access for parking. Lansdowne Park just across the bridge, walk to Carleton U, easy access to Downtown. The lot measures approximately 50' x 100', providing ample space for development. Currently, the property is zoned R3Q, which permits the construction of up to 6 residential units. However, the proposed changes with the New Draft Zoning Bylaw to CM1 zoning would allow for the development of 6 story buildings with a comprehensive list of uses, including commercial and multifamily apartments. With the setbacks, the gross building area could be 17,000 sq ft. - a good development opportunity.
Location
Province ON
County Ottawa
Community 4403 - Old Ottawa South
Area Ottawa
Zoning R3Q[487]. New Draft Zoning - CM1 (Commercial)
Exterior
Utilities Available Yes
Lot Frontage 50.0
Lot Depth 99.4
Others
ParcelsYN No
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Listed by RE/MAX HALLMARK REALTY GROUP
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