ON
Ottawa
K1K1C6
538 Mutual Street
538 Mutual Street, Ottawa, ON K1K1C6
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Listing Type
Single Family
Listing Status
Active
0
$824,900

Home Details for 538 Mutual Street

Price
$824,900
Type
Residential
Bedrooms
4
Total Bathrooms
3
Listing #
X13246548
Property Description

Exceptional development opportunity in the heart of Castle Heights. This 60' x 111' lot offers rare zoning potential for a 9-unit project consisting of three row units, each with a secondary dwelling unit, plus three coach houses. What truly sets this property apart is the substantial existing rear structure-a solid concrete block building with high ceilings that presents an ideal opportunity for conversion into the proposed coach houses, significantly reducing redevelopment costs and complexity. The existing triplex is currently tenanted, providing holding income while plans and approvals are pursued. Located in one of Ottawa's evolving urban neighbourhoods, Castle Heights is experiencing ongoing revitalization with numerous new multi-unit developments and infill projects transforming the area. An outstanding opportunity for developers, builders, and investors seeking a project where much of the foundation for future value is already in place. Two AI photos added for illustration. (id:31684)

Property Features
  • Heating Information
    • Forced Air
    • Natural Gas
  • Cooling Information
    • Central Air
  • Parking
    • Detached
Listing Courtesy: RE/MAX DELTA REALTY TEAM
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EXIT EXCEL REALTY, BROKERAGE
1550 Carling Ave. Suite 204, Ottawa, ON K1Z 8S8
Paul Dion
License #: 5030680
Sales Representative
Office
613 822 8999
Agent
613 293 3337
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