Two contiguous single-family freehold homes packaged together for a multifamily redevelopment site or a buy-and-hold opportunity. The new official zoning designation for the property once finally approved by the city will be N4B. This will permit a height allowance of 12.5 meters, rear yard set back of 7.5 meters, front yard set back of 3 meters, and side yard set backs of 1.8 meters combined. No parking will be required with the new zoning. The total frontage is 120 feet by 120 feet in depth, offering a combined lot of 14,402 square feet. Initial estimates project a floor plate of approximately 9,690 sf with the incoming zoning. Both homes are rented for a combined amount of $6,100 per month. Utilities extra. Great passive income during a redevelopment planning period. The two homes must be sold together. (id:56483)
| MLS® Number | X12424140 |
| Property Type | Vacant Land |
| Community Name | 3503 - Castle Heights |
| Size Interior | 14402 Sqft |
| Utility Water | Municipal Water |
| Acreage | No |
| Size Depth | 120 Ft ,6 In |
| Size Frontage | 120 Ft ,3 In |
| Size Irregular | 120.26 X 120.5 Ft |
| Size Total Text | 120.26 X 120.5 Ft |
| Zoning Description | Changing To N4b[2064] H(11) With Final Draft Plan |
https://www.realtor.ca/real-estate/28907416/465-469-guy-street-ottawa-3503-castle-heights
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