4 Bedrooms

2 Bathrooms

700 - 1,100 sqft Interior

2 Parking spaces

50 X 123.8 Ft Lot size

1 day ago Listed

Bungalow None Forced Air Finished basement

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About this home

ATTENTION BUILDERS, DEVELOPERS & INVESTORS! PRIME REDEVELOPMENT OPPORTUNITY! Discover the potential of this approximately 50' x 123' property with City confirmed CM2 (Minor Corridor Zone 2) zoning, offering exciting possibilities for future development and intensification. Ideally situated in an established Ottawa neighborhood with convenient access to Highway 417, public transit, shopping, schools and everyday amenities. A desirable location for a future residential or mixed use project, subject to applicable zoning provisions and municipal approvals. Currently improved with a 3-bedroom bungalow featuring a finished lower level, the property is tenant occupied and generates $3,000/month in all inclusive rental income, offering income while future plans are explored. A new survey is available with an offer. An outstanding opportunity to invest in the land, location and future potential! Buyers to conduct their own due diligence regarding permitted uses, development feasibility and approvals. (id:28469)

Facts & features

Property

MLS® Number: X14092982
Property Type: Single Family
Neighbourhood: College
Community Name: 5402 - Braemar Park
Ownership: Freehold
Equipment Type: Water Heater
Features: Lane
Parking Space Total: 2
Rental Equipment Type: Water Heater

Building

Bathroom Total: 2
Bedrooms Above Ground: 3
Bedrooms Below Ground: 1
Bedrooms Total: 4
Appliances: Dryer, Stove, Washer, Refrigerator
Architectural Style: Bungalow
Basement Development: Finished
Basement Type: Full (finished)
Construction Style Attachment: Detached
Cooling Type: None
Exterior Finish: Stucco
Foundation Type: Block
Heating Fuel: Natural Gas
Heating Type: Forced Air
Stories Total: 1
Size Interior: 700 - 1,100 Sqft
Type: House
Utility Water: Municipal Water

Parking

Other: —
No Garage: —

Land

Acreage: No
Sewer: Sanitary Sewer
Size Depth: 123 Ft ,9 In
Size Frontage: 50 Ft
Size Irregular: 50 X 123.8 Ft
Size Total Text: 50 X 123.8 Ft
Zoning Description: Cm2 - Minor Corridor Zone 2

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.

Cost of ownership

Est. monthly payment: $3,985/mo
Ontario land transfer tax: $14,473 one-time

Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.

The Braemar Park market

7 Active listings

$774,900 Median asking price

16% above median This home

37 days Avg. time on market

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Location

1022 Maitland Avenue, Ottawa, Ontario K2C 2B6 · Get directions

1022 Maitland Avenue