MLS#: X13454626Listed: about 8 hours agoUpdated:about 8 hours ago
Description
Rare inner-city infill opportunity on one of McKellar Heights' most coveted streets. 832 Rex Avenue offers a 62.5 ft 117 ft regular lot (7,312.5 sq ft) with N3B zoning under Ottawa's new By-law 2026-50, permitting low-rise residential intensification up to 5 storeys as-of-right. The 62.5 ft frontage accommodates a range of development forms including stacked townhomes, a low-rise apartment building, or purpose-built rental. Comparable inner-city infill vacant land in Ottawa's inner core currently trades at $150-$250/sq ft, placing the implied land value of this lot at $1.1M-$1.8M. At $740,000, the acquisition represents a significant discount to raw land value, reflecting the existing structure and associated carrying costs. The existing 1956 bungalow is a demo or gut-reno candidate. Property sold as-is . Possession flexible. Steps to JCC, Altea Fitness, Evergreen Park, Dovercourt, transit, Ottawa Hospital, and Westboro Village. Broadview PS and Nepean HS catchment. (id:58075)
Details
Details for 832 Rex Avenue, Ottawa, Ontario
Property Type
Vacant Land
Building Type
-
Storeys
-
Neighborhood
5202 - McKellar Heights
Land Size
62.5 x 117 FT
Year Built
-
Annual Property Taxes
$5,559
Parking Type
-
Inside
Appliances
-
Rooms
-
Bedrooms
-
Bathrooms
1
Fireplace
-
Fireplace Total
-
Basement
-
Building
Architecture Style
-
Direction
Cross Streets: Carling Ave. to Rex Ave. ** Directions: Carling to Rex Ave.