119 FIELDROW STREET
Ottawa, Ontario
MLS® X13810390
$899,900
- Status
- Active
- Property type
- House
- MLS® number
- X13810390
- Bedrooms
- 5
- Bathrooms
- 2
- Year built
- —
1 / 18Listing description
PRICED FOR LAND VALUE - EXCEPTIONAL DEVELOPMENT POTENTIAL! CORNER LOT! (125.
46 feet by 77. 49 feet). An outstanding opportunity for builders, developers and investors to capitalize on a property offering exciting future possibilities under N2E zoning.
The value here is in the LAND and its redevelopment potential. Under the City of Ottawa's new zoning framework, N2 - Neighbourhood Zone 2 provides increased residential development flexibility, permitting a density of up to 1. 5 dwelling units per 100 m of lot area, to a maximum of 6 dwelling units per building, subject to lot dimensions, servicing, setbacks and all applicable City requirements.
The "E" subzone reflects a more suburban development pattern, including an 18-metre minimum lot width and 6-metre minimum front-yard setback. This creates an exciting opportunity to explore a variety of redevelopment concepts and residential configurations, making this an attractive land acquisition for those looking toward future intensification and long-term value. Buyers are encouraged to complete their own due diligence with the City of Ottawa regarding their intended development plans.
The property is currently improved with a detached bungalow that is tenant-occupied, providing existing rental income while a purchaser explores future development opportunities. A property to buy for today, but with an eye firmly on tomorrow - LAND VALUE, INCOME and DEVELOPMENT POTENTIAL all in one! Current rental income is $4295/month and viewing will only be allowed upon acceptance of an offer since being sold for LAND POTENTIAL!
Property summary
- MLS® number
- X13810390
- Property type
- Single Family
- Building type
- House
- Title
- Freehold
- Land size
- 125.5 x 77.5 FT
- Annual property taxes
- $4,986.65
- Parking
- 6 spaces · Detached Garage, Garage
- Days on market
- 9 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning
- Basement
- Finished, N/A
- Appliances
- All, Water Heater
- Exterior features
- Stucco, Vinyl siding
- Architectural style
- Bungalow
What would this home cost you?
Based on the $899,900 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of ROYAL LEPAGE PERFORMANCE REALTY, OTTAWA.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.