371 Sunnyside Avenue Ottawa, Ontario K1S 0S2

$1,500,000

Located in the well-established and highly sought-after Old Ottawa South neighborhood, just South of The Glebe, this property boasts a prime location in easy walking distance to the scenic Rideau Canal and Rideau River, Bank Street, shopping. Backs onto Woodbine Place, a quaint Village Lane in the heart of the City. Lansdowne Park just across the bridge, walk to Carleton U, easy access to Downtown. The lot measures approximately 50 x 100, providing ample space for development. Currently, the property is zoned R3Q, which permits the construction of up to 6 residential units. However, there is a proposed change with the New Draft Zoning Bylaw to commercial CM1 zoning. This new zoning would allow for the development of six-story buildings with a comprehensive list of commercial uses, including multifamily apartments. This makes the property an excellent investment opportunity with the potential for significant development and diverse commercial applications. (id:28469)

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