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$ 1,195,000
Est. payment /mo
Active
1399 AURELE STREET Ottawa, ON K1B3L4
1,100 SqFt
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Square Footage 1,100 sqft
Price per Sqft $1,086
Subdivision 2204 - Pineview
MLS® Listing ID X12192450
Source Ottawa Real Estate Board
Property Description
PRIME DEVELOPMENT OPPORTUNITY 0.346 Acres with R2N ZONING. Rare urban infill opportunity on a 15,090 sq ft (0.346 acre) lot, offering exceptional potential for residential development. Zoned R2N, the property supports severance into 3 lots by right, and 4 lots with minor variance. Recent precedents set on the adjacent street. Located within walking distance of the LRT and just minutes from Cyrville Rd, Innes Rd, and Hwy 417, this site offers excellent transit and commuter access. The area is well-positioned for growth, and Ontario's Bill 23 further encourages density and development within city limits. Preliminary concept studies suggest the potential for 9, 12, or up to 16 units, such as long semi-detached homes with Secondary Dwelling Units (SDUs), subject to municipal approvals. This is an ideal opportunity for developers looking to contribute to the city's intensification goals while capitalizing on strong rental and resale demand. The property also includes a solid 1,200 sq ft all-brick bungalow with an attached garage, a detached garage, and an additional laneway. A separate rear entrance offers potential for a basement SDU, providing interim rental income or phased development options. Urban land parcels of this size, zoning, and location are increasingly rare. Whether for immediate redevelopment or future investment, this site offers the location, flexibility, and municipal support developers need to succeed. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Exterior
Parking Features Yes
View Y/N No
Private Pool No
Building
Sewer Sanitary sewer
Others
Virtual Tour https://warrenteamottawa.com/1399-aurele-street
Listed by RE/MAX HALLMARK REALTY GROUP
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