636 Walkley Road Ottawa, Ontario K1V 6R9

$849,900

636 Walkley Road represents a rare and strategic opportunity for developers and investors seeking a high-potential property in Ottawa's south-central growth corridor. Nestled on a generous 43.14 x 189.5 feet, this exceptional lot offers breathtaking views of Mooney's Bay and comes with city-approved severance. Currently zoned R1GG, this property offers immediate residential usability, while the City of Ottawas draft zoning bylaw proposes a transition to CM2 zoning, potentially permitting 8-12 residential units. This combination of current stability and future flexibility makes it an ideal candidate for medium-density infill development.The Walkley corridor is a recognized target area for intensification under Ottawas Official Plan, benefiting from proximity to Bank Street, Heron Road, Riverside Drive, and rapid access to downtown, Carleton University, and Ottawa International Airport. Excellent transit access includes OC Transpo bus routes and the nearby Walkley O-Train Station, connecting residents and future tenants efficiently to major employment and educational hubs. This property is particularly well-positioned for investors seeking early entry ahead of zoning changes, allowing for long-term appreciation and development upside. Its combination of central location, lot size, and potential CM2 zoning makes it suitable for projects ranging from rental apartments to mixed-use infill developments. Buyer due diligence is strongly advised. Buyers must verify zoning, permitted uses, lot dimensions, development potential, and all municipal approvals with the City of Ottawa. Neither the seller nor the listing brokerage guarantees zoning outcomes or approvals. (id:56483)

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https://www.realtor.ca/real-estate/28969284/636-walkley-road-ottawa-4608-mooneys-bayrevelstoke