MLS#: X12179130Listed: about 1 month agoUpdated:about 1 month ago
Description
PRIME DEVELOPMENT OPPORTUNITY 0.346 Acres with R2N ZONING. Rare urban infill opportunity on a 15,090 sq ft (0.346 acre) lot, offering exceptional potential for residential development. Zoned R2N, the property supports severance into 3 lots by right, and 4 lots with minor variance. Recent precedents set on the adjacent street. Located within walking distance of the LRT and just minutes from Cyrville Rd, Innes Rd, and Hwy 417, this site offers excellent transit and commuter access. The area is well-positioned for growth, and Ontario's Bill 23 further encourages density and development within city limits. Preliminary concept studies suggest the potential for 9, 12, or up to 16 units, such as long semi-detached homes with Secondary Dwelling Units (SDUs), subject to municipal approvals. This is an ideal opportunity for developers looking to contribute to the city's intensification goals while capitalizing on strong rental and resale demand. The property also includes a solid 1,200 sq ft all-brick bungalow with an attached garage, a detached garage, and an additional laneway. A separate rear entrance offers potential for a basement SDU, providing interim rental income or phased development options. Urban land parcels of this size, zoning, and location are increasingly rare. Whether for immediate redevelopment or future investment, this site offers the location, flexibility, and municipal support developers need to succeed. (id:58075)
Details
Details for 1399 Aurele Street, Ottawa, Ontario
Property Type
Single Family
Building Type
House
Storeys
1
Neighborhood
2204 - Pineview
Land Size
115.4 x 131.5 FT
Year Built
-
Annual Property Taxes
$5,335
Parking Type
Attached Garage, Garage, Inside Entry
Inside
Appliances
Washer, Refrigerator, Dishwasher, Stove, Dryer, Hood Fan, Blinds, Garage door opener remote(s), Water Heater