$1,500,000For Sale

Located in the well-established and highly sought-after Old Ottawa South neighborhood, just South of The Glebe, this property is in a prime location in easy walking distance to the scenic Rideau Canal and Rideau River, Bank Street, shopping. Backs onto Woodbine Place, a quaint Village Lane in the heart of the City, and convenient access for parking. Lansdowne Park just across the bridge, walk to Carleton U, easy access to Downtown. The lot measures approximately 50' x 100', providing ample space for development. The old zoning bylaw [R3Q] permitted the construction of up to 6 residential units, a 3 door row, or a double side by side. The New Draft Zoning Bylaw [CM1] allows for everything previously permitted, PLUS the development of up to 6 storey buildings with a comprehensive list of uses, including commercial and multifamily apartments. With the setbacks, the gross building area could be 16,000 sq ft. - a good development opportunity.

Directions: 1.5 blocks to Bank Street

Cross Street: Bank Street