MLS#: X13810390Listed: about 3 hours agoUpdated:about 2 hours ago
Description
PRICED FOR LAND VALUE - EXCEPTIONAL DEVELOPMENT POTENTIAL! CORNER LOT! (125.46 feet by 77.49 feet). An outstanding opportunity for builders, developers and investors to capitalize on a property offering exciting future possibilities under N2E zoning. The value here is in the LAND and its redevelopment potential. Under the City of Ottawa's new zoning framework, N2 - Neighbourhood Zone 2 provides increased residential development flexibility, permitting a density of up to 1.5 dwelling units per 100 m of lot area, to a maximum of 6 dwelling units per building, subject to lot dimensions, servicing, setbacks and all applicable City requirements. The "E" subzone reflects a more suburban development pattern, including an 18-metre minimum lot width and 6-metre minimum front-yard setback. This creates an exciting opportunity to explore a variety of redevelopment concepts and residential configurations, making this an attractive land acquisition for those looking toward future intensification and long-term value. Buyers are encouraged to complete their own due diligence with the City of Ottawa regarding their intended development plans. The property is currently improved with a detached bungalow that is tenant-occupied, providing existing rental income while a purchaser explores future development opportunities. A property to buy for today, but with an eye firmly on tomorrow - LAND VALUE, INCOME and DEVELOPMENT POTENTIAL all in one! Current rental income is $4295/month and viewing will only be allowed upon acceptance of an offer since being sold for LAND POTENTIAL! (id:58075)
Details
Details for 119 Fieldrow Street, Ottawa, Ontario
Property Type
Single Family
Building Type
House
Storeys
1
Neighborhood
7302 - Meadowlands/Crestview
Land Size
125.5 x 77.5 FT
Year Built
-
Annual Property Taxes
$4,987
Parking Type
Detached Garage, Garage
Inside
Appliances
All, Water Heater
Rooms
-
Bedrooms
5
Bathrooms
2
Fireplace
-
Fireplace Total
-
Basement
Finished, N/A
Building
Architecture Style
Bungalow
Direction
Cross Streets: Viewmount. ** Directions: Meadowlands Dr. W, to Viewmount Dr., left on Fieldrow St (corner of Viewmount & Fieldrow).