551 Edison Avenue, Ottawa, Ontario K2A1V5

Property Description

(Intro) Corner lot with existing foundation in the heart of Westboro - one of Ottawa's most in-demand urban neighbourhoods. The site occupies a corner position at Edison Ave & Princeton Ave, offering east-facing frontage & strong visibility in a community with consistent builder demand. Zoned R4UA. Buyers are encouraged to verify all permitted uses & development options with the City of Ottawa before preparing any offer. (The Lot) 2,759.97 sq ft of irregular corner land. Lot dimensions: 65.88'x40.15'x13.96'x56.08'x50.04' - a workable footprint for a custom build or multi-unit project, subject to applicable approvals. All utilities available at the lot: gas, hydro, cable & telephone. Corner lots offer added frontage & flexibility that mid-block sites don't - worth factoring into any design review. Immediate possession. (Foundation) Existing foundation in place. Prior architectural plans were prepared for a proposed 3-storey luxury residence of approx. 2,400 sq ft above grade - Seller makes no representations or warranties regarding those plans, approvals, zoning, permits, or specifications. Sold as vacant land with existing foundation only. Buyers to conduct their own due diligence & rely on their own consultants. 1-yr vendor financing available at 5.49% w/ 25% down, 730+ credit, no income verification required - terms apply. (Location) Westboro is consistently ranked among Ottawa's most walkable urban communities. Richmond Rd runs nearby with a dense strip of independent restaurants, cafes & boutiques. Westboro Beach & the NCC Ottawa River Pathway are within walking distance. Parks include Roy Duncan Park, Lions Park & Westboro Kiwanis Park. Schools across public & Catholic boards in the immediate area. O-Train Confederation Line (Westboro Station) - downtown Ottawa under 15 min by transit. Hwy 417 is minutes south - downtown by car in under 10 min, Ottawa International Airport approx. 20 min. (id:5764)