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465-469 GUY STREET - MLS® # X12424140

$1,999,000

Property Details

Living Area
14,402 sqft.
Bedrooms
N/A
Bathrooms
N/A
Lot Size Area
120.26 x 120.5 FT
Taxes
N/A
Type
Vacant Land
Style
N/A
Basement
Year Built
N/A

Description

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:2469)

Listing Provided By

ROYAL LEPAGE INTEGRITY REALTY

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CONTACT

Real Estate Listing provided by
  • Name:
    Lucas Smith
  • Phone:
    (613) 704-0616
  • Mobile:
    613-447-6037
  • Address
    • EXP REALTY 424 CATHERINE ST, UNIT 200
    • Ottawa, ON
    • K1R5T8
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