Exceptional Income-Producing Development Opportunity in the Rapidly Evolving Baseline Corridor!Attention builders, developers, and savvy investors. This prominent corner lot measuring approximately 104 ft x 68 ft offers outstanding redevelopment potential in one of Ottawa's most strategically positioned neighbourhoods. Surrounded by increasing intensification and strong rental demand, opportunities with this level of existing cash flow are becoming increasingly rare in this highly desirable pocket.With N3D zoning designation providing significant multi-unit upside, this property presents a compelling opportunity to capitalize on the area's transition and the high demand for modern housing. Ideally located within 800m of the Baseline LRT Station, Algonquin College, and College Square, the location is highly attractive for both future residents and institutional tenants. The surrounding community continues to see major regulatory shifts with new zoning frameworks driving long-term value and investment interest.The existing two-unit dwelling is currently fully tenanted and producing a robust $47,000 in gross annual income, offering substantial interim cash flow while future development plans are explored or the zoning appeals process concludes. Buyers are advised to conduct their own due diligence regarding zoning, permitted uses, and specific development timelines. 104.00 ft x 68.00 ft (per GeoWarehouse). Some photos digitally rendered. (id:19004)
This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association.
