R2N ZONING - RARE OPPORTUNITY TO PURCHASE, SEVER AND DEVELOP INTO SEVERAL SEPARATE LOTS!! Current lot is 114.86 ft x 132.37 ft (0.349 acre). The Ontario Provincial Legislation Bill 23 now allows up to 3 units on any lot. Moreover, the city of Ottawa's new zoning by-laws are under review with the objective of removing red tape thereby potentially allowing multi-unit development. Importantly, construction of the first building can be performed without disturbing the existing dwelling. Therefore in theory, this home can be rented while designing your plans and obtaining your permits. One neighboring property was severed into 4 lots. Each lot these lots had a duplex + in-law suite constructed on it, giving this owner 12 units! Another neighbour is currently building 8 long semis w/ in-law suite for a total of 16 units in this current zoning. Lot is Walking distance to the light rail transit station, shopping mall, school, golf course & other amenities. (id:4069)
| Address |
1364 AURELE STREET |
| List Price |
$1,549,000 |
| Property Type |
Vacant Land |
| Area |
Ontario |
| Sub-Area |
Ottawa |
| Lot Size |
0.35 Sq. Ft. |
| MLS® Number |
1374727 |
| Listing Brokerage |
RE/MAX ABSOLUTE REALTY INC.
|
| Basement Area |
Unknown (Not Applicable) |
| Postal Code |
K1B3L3 |
| Zoning |
R2N |
| Site Influences |
Public Transit, Recreation Nearby, Shopping |
| Features |
Flat site |
