42
See all 42 photos
$824,900
Est. payment /mo
4 Beds
3 Baths
2,500 SqFt
New
538 MUTUAL STREET Ottawa, ON K1K1C6
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Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500 - 3000
Square Footage 2,500 sqft
Price per Sqft $329
Subdivision 3503 - Castle Heights
MLS® Listing ID X13246548
Bedrooms 4
Property Sub-Type Freehold
Property Description
Exceptional development opportunity in the heart of Castle Heights. This 60' x 111' lot offers rare zoning potential for a 9-unit project consisting of three row units, each with a secondary dwelling unit, plus three coach houses. What truly sets this property apart is the substantial existing rear structure-a solid concrete block building with high ceilings that presents an ideal opportunity for conversion into the proposed coach houses, significantly reducing redevelopment costs and complexity. The existing triplex is currently tenanted, providing holding income while plans and approvals are pursued. Located in one of Ottawa's evolving urban neighbourhoods, Castle Heights is experiencing ongoing revitalization with numerous new multi-unit developments and infill projects transforming the area. An outstanding opportunity for developers, builders, and investors seeking a project where much of the foundation for future value is already in place. Two AI photos added for illustration. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling Central air conditioning
Exterior
Parking Features Yes
Community Features Community Centre, School Bus
View Y/N No
Attached Garage No
Total Parking Spaces 10
Garage Yes
Private Pool No
Building
Story 3
Sewer Sanitary sewer
Others
Ownership Freehold
Virtual Tour https://resites.feeltheframe.ca/vd/247799596
Listed by RE/MAX DELTA REALTY TEAM
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