Description

Exceptional Development Site in Prime Ottawa East Location - Builder Alert Unparalleled development opportunity on an oversized 14,124+ sq. ft. parcel with 85' frontage x 165' depth, positioned steps from the Rideau River, Rideau Canal and the highly anticipated Main Street Promenade. This strategically located property is surrounded by a vibrant mix of retail, dining, schools, parks and multi-use pathways - an ideal urban growth centre for in-fill development. The site's current zoning supports a wide spectrum of residential product types including: Single-family bungalows Townhomes and stacked front-to-back townhomes Duplexes and triplexes Semi-detached dwellings Flexible multi-family configurations responsive to market demand Subject to a minor variance, the parcel has strong potential for higher-density development including condominium-style apartments, subject to municipal approvals. All services (natural gas, hydro, water and sewer) are available at the street. The property fronts onto a paved one-way street, providing excellent site access and efficient logistics for construction staging. The existing two-storey brick residence has been disconnected from municipal services and can be removed to facilitate redevelopment. Seller is open to partnering on financing and development applications with acceptable offers supported by a robust development concept and comprehensive credit documentation. Proof of financial capability required with offer. Includes conceptual design ideas and aerial drone views. Approved severance available - see complementary listings for severed lot opportunities. A rare offering for builders, developers, and visionary investors seeking a premier Ottawa East development site. (id:39198)