465-469 Guy Street, Ottawa, Ontario K1K 1C1 (28907416)

14,402 sqft Interior

120.26 X 120.5 Ft Lot size

About this home

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:28469)

Facts & features

Property

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

Building

Size Interior: 14,402 Sqft
Utility Water: Municipal Water

Land

Acreage: No
Size Depth: 120 Ft ,6 In
Size Frontage: 120 Ft ,3 In
Size Irregular: 120.26 X 120.5 Ft
Size Total Text: 120.26 X 120.5 Ft
Zoning Description: Changing To N4b[2064] H(11) With Final Draft Plan

Monthly payment estimate

Home price

Down payment 20%

Interest rate (%)

Amortization

Frequency

Estimated payment — per month

Mortgage amount: —
Total interest: —

Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.

Location

465-469 Guy Street, Ottawa, Ontario K1K 1C1 · Get directions