$899,000
*Email for more photos* RARE STITTSVILLE DEVELOPMENT & LAND-BANKING OPPORTUNITY! An exceptional 0.445-ACRE property WITHIN THE CITY offering approx. 149.2 FT OF FRONTAGE x 99.9 FT DEPTH and an impressive approx. 179 FT WIDTH across the rear-a remarkably wide parcel with exciting future possibilities. Located in established Stittsville, this unique property offers appeal to BUILDERS, DEVELOPERS, INVESTORS and long-term land holders. With approx. 149.2 feet of frontage, there's potential for severance into THREE approx. 49.2-FT-WIDE LOTS, Current N1D zoning and Bill 23 provisions permitting up to 3 residential units on each fully serviced residential lot creates compelling redevelopment potential. (9 units total). Even better-HOLD THE LAND WHILE IT GENERATES INCOME! The existing detached home is currently rented for approx. $2,800/MONTH, 3 bedroom - 1 bath house - basement part finished. This helps offset carrying costs while planning for redevelopment. The LOCATION adds another layer of value: close to Stittsville Main Street shops, cafés, restaurants and services, Hazeldean Road shopping, transit and major commuter routes. Outdoor recreation is nearby with the Trans Canada Trail, Alexander Grove Park, Village Square Park and neighbourhood pathways and greenspaces. Families will appreciate access to Guardian Angels Elementary, Sacred Heart High School, Holy Spirit Elementary, Stittsville Public School, A. Lorne Cassidy Elementary and other public, Catholic, English and French options. This is more than a home-it is LAND, INCOME and FUTURE DEVELOPMENT POTENTIAL in one of Ottawa's most established suburban communities. Opportunities to acquire an almost HALF-ACRE CITY LOT with approx. 149 FT OF FRONTAGE are increasingly hard to find. DEVELOP NOW. HOLD FOR THE FUTURE. COLLECT RENT WHILE YOU PLAN. (id:5764)
1
Beds
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2
Baths
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X13712014
MLS® #
11 Bobcat Way Street, Ottawa
Listing courtesy of RE/MAX HALLMARK REALTY GROUP.
