Property Description

Rare opportunity for developers and investors seeking a high-potential property in Ottawa's Alta Vista Neighborhood. This lot has been cleared, comes with a development charge exemption ($60,000 value) and ready for development planning, while the City of Ottawa's draft zoning bylaw proposes a transition to CM2 zoning , allowing 4 stories and potentially permitting up to 12 residential units or mixed use. This property is well-positioned for investors seeking easy entry ahead of zoning changes, allowing for plans to be done and ready for the summer. The combination of central location, fully cleared and new CM2 zoning makes it suitable for projects ranging from rental apartments to mixed-use infill developments. Seller financing is available for qualified buyers to assist with acquisition until construction financing is in place. Buyers must verify zoning, permitted uses, lot dimensions, development potential, and all municipal approvals with the City of Ottawa. Neither the seller nor the listing brokerage guarantees zoning outcomes or approvals. (id:52350)

Property Features