LOADING

465-469 Guy Street Ottawa, Ontario K1K 1C1

14402 sqft

$1,999,000

Two contiguous single-family freehold homes packaged together for a multifamily redevelopment site or a buy-and-hold opportunity. The new official zoning designation for the property once finally approved by the city will be N4B. This will permit a height allowance of 12.5 meters, rear yard set back of 7.5 meters, front yard set back of 3 meters, and side yard set backs of 1.8 meters combined. No parking will be required with the new zoning. The total frontage is 120 feet by 120 feet in depth, offering a combined lot of 14,402 square feet. Initial estimates project a floor plate of approximately 9,690 sf with the incoming zoning. Both homes are rented for a combined amount of $6,100 per month. Utilities extra. Great passive income during a redevelopment planning period. The two homes must be sold together. (id:59524)

Property Details

MLS® Number X12424140
Property Type Vacant Land
Neigbourhood Rideau-Rockcliffe
Community Name 3503 - Castle Heights

Building

SizeInterior 14402 Sqft
UtilityWater Municipal Water

Land

Acreage No
SizeDepth 120 Ft ,6 In
SizeFrontage 120 Ft ,3 In
SizeIrregular 120.26 X 120.5 Ft
SizeTotalText 120.26 X 120.5 Ft
ZoningDescription Changing To N4b[2064] H(11) With Final Draft Plan

https://www.realtor.ca/real-estate/28907416/465-469-guy-street-ottawa-3503-castle-heights

Save $21,000+ On Your Next Home Purchase

Get 20+ years of home-buying secrets I’ve used with over 500 clients, so you can get your dream home for the price you want

Access For Free

Interested?

Contact us for more information about this listing.

"*" indicates required fields

This field is for validation purposes and should be left unchanged.