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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision 4205 - West Centre Town
MLS Listing ID X12561544
Annual Tax Amount $9,661
Tax Year 2024
Property Sub-Type Investment
Property Description
An exceptional investment opportunity in the heart of Ottawa's rapidly transforming urban core, this unique property comprises 11, 13, 15, and 21 Raymond Street. They offer rental income, potential for dwelling severances and long-term redevelopment potential. Situated on a lot of approximately 7,460 square feet and zoned R4TH(85), the property supports a range of residential intensification options, making it ideal for investors and developers alike. Each of the four two-storey units is separately metered and equipped with its own furnace. Unit 21 includes six rooms, two kitchens, and two full bathrooms. Unit 13 offers five rooms, two kitchens, and two full baths, with the main floor currently vacant, ideal for conversion back to a one-bedroom suite or owner occupancy. Units 11 and 15 each feature a one-bedroom unit on the main level, with a kitchen, bathroom, and three additional rooms upstairs. The property includes ample on-site parking, its own laneway off 21, shared laundry facilities, and a bonus basement area with rough-ins for two additional bathrooms. Conveniently located just off the highway, steps from Little Italy and the Glebe Annex, and minutes from Carleton University, this location offers upside potential.
Location
Province ON
County Ottawa
Community 4205 - West Centre Town
Area Ottawa
Zoning Unassigned, R4TH(85)A.S.L.
Interior
Cooling No
Inclusions 8 fridges, 8 stoves, 2 washers, 2 dryers, hot water heaters
Exterior
Utilities Available Yes
Lot Frontage 81.43
Lot Depth 91.62
Others
ParcelsYN No
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Listed by RE/MAX ABSOLUTE WALKER REALTY
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