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$899,900

Wow - 84 Rita Avenue! Presenting an EXCEPTIONAL, high-yield redevelopment opportunity situated on a premium 100 x 90ft lot along a peaceful street in the highly desirable City View/St. Claire Gardens neighborhood, offering massive upside for builders & investors looking to capitalize on Ottawa's brand new "N2E" zoning. This forward-thinking zoning allows for 4-6 units "as-of-right" per lot (or potentially up to 12 units total if a buyer pursued severing into two 50 x 90 ft parcels), clearing the path for modern multiplexes, townhouses, semi-detacheds or stacked townhomes reaching up to 3-storeys above grade (up to 11 metres). This DIVERSE ZONING ("N2E632") permits a for maximum lot coverage & rear yard setbacks by including extra depth of the rear lane, artificially expanding the buildable footprint. Coupled with no parking minimums, every square inch of this property can be leveraged for high-yield living space rather than requiring large driveways for parking, giving builders unprecedented design flexibility whether they build a new low-rise multiplex, 2 semi-detacheds, townhouses or choose to renovate the solid original (original owner!) 3-bedroom, 2-bathroom home with workshop & add a detached laneway coach house / SDU in the rear yard. Perfectly positioned for premium infill development, this location sits just a short walk from Algonquin College, minutes from Baseline Station & the future LRT (scheduled Q3 of 2027), close to College Square and highway access - all in close proximity of top-tier schools. Some aerial photos have been digitally enhanced with AI to illustrate examples of potential future development concepts - buyer to do their own due diligence in terms of verifying all aspects of development, zoning, construction or renovations. (id:5764)

3 Beds ⋅ 2 Baths ⋅ X13810302 MLS® #

84 Rita Avenue, Ottawa

Listing courtesy of ROYAL LEPAGE TEAM REALTY.

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