7 Lowrey Street Ottawa, Ontario K1Y 2S5
$1,250,000
Prime Development Opportunity Well-Maintained Duplex on Oversized Lot: Just 350 meters (a 5-minute walk) from the Bayview O-Train stop, this rare 66' x 100' R4UB-zoned lot offers exceptional potential for investors and developers. With a well-maintained duplex occupying only half the lot, the remaining 33 feet is ideal for future development, with zoning allowing for a 4-storey, 8-unit building (buyer to verify). The property features two updated 2-bedroom units: Unit 1 is a renovated 2-bed, 1-bath with in-unit laundry, currently leased month-to-month at $1,600 to a reliable long-term tenant; Unit 2 has been owner-occupied for 25 years and offers a projected rent of \\$2,400\\$2,500/month, with two balconies boasting stunning views of the downtown skyline and Gatineau Hills. Key upgrades include a new furnace (2023), AC (~2013), roof (~2013), updated sewer, drain, and water lines, and fully rewired electrical. With two hydro meters, strong rental potential, and major development upside, this is a rare opportunity in a fast-growing, transit-connected location just minutes from downtown. (id:59524)
Property Details
| MLS® Number | X12142418 |
| Property Type | Multi-family |
| Neigbourhood | Hintonburg |
| Community Name | 4202 - Hintonburg |
| ParkingSpaceTotal | 3 |
Building
| BathroomTotal | 2 |
| BedroomsAboveGround | 4 |
| BedroomsTotal | 4 |
| Age | 100+ Years |
| Amenities | Separate Electricity Meters |
| Appliances | Dishwasher, Dryer, Two Stoves, Two Washers, Two Refrigerators |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Vinyl Siding |
| FoundationType | Stone |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 1500 - 2000 Sqft |
| Type | Duplex |
| UtilityWater | Municipal Water |
Parking
| Detached Garage | |
| Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 99 Ft |
| SizeFrontage | 66 Ft |
| SizeIrregular | 66 X 99 Ft |
| SizeTotalText | 66 X 99 Ft |
| ZoningDescription | R4ub |
https://www.realtor.ca/real-estate/28299229/7-lowrey-street-ottawa-4202-hintonburg
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July 07 2025 04:04:06
Engel & Volkers Ottawa