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For Sale
$1,575,000
MLS® X12424140
465-469 GUY STREET
Ottawa, Ontario, K1K1C1
- Interior
- 14,402 sqft
- Property type
- Vacant Land
- Building
- Vacant Land
- Lot size
- 120.26 x 120.5 FT
Property facts
- Interior
- 14,402 sqft
- Property type
- Vacant Land
- Building
- Vacant Land
- Transaction
- For Sale
- Lot size
- 120.26 x 120.5 FT
About this property
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:53361)