This corner property presents a rare and timely infill land assembly opportunity strategically located in a high-demand, transit-oriented node near Algonquin College and the Baseline LRT Station. The property offers immediate revenue from its existing two-unit residential dwelling. Designated under the City of Ottawa's new planning framework for N3D Zoning, which is due to be enacted in early 2026, this future zoning permits significant intensification, specifically allowing for a maximum of 10 dwelling units per building and a height limit of 11 metres (3 storeys). Initial feasibility indicates potential for an 18-unit, two-building rental project on this single lot. The current upper-floor tenant is vacating at the end of December, providing a critical window for a developer to execute a live-in financing strategy while commencing the required planning and approvals for the high-density intensification immediately. All information regarding future zoning, development potential (including the 18-unit concept), and servicing capacity is based on draft documents. Buyers' intended use should be verified by the Buyer through independent due diligence. Opportunities to secure prime land under the new N3D density are extremely limited-act now to capitalize on the year-end vacancy! (id:2493)
Data was last updated December 16, 2025 at 03:15 AM (UTC)
Area Statistics
Listings on market:
13
Avg list price:
$329,900
Min list price:
$319,900
Max list price:
$2,099,000
Avg days on market:
44
Min days on market:
3
Max days on market:
163
These statistics are generated based on the current listing's property type
and located in
7302 - Meadowlands/Crestview. Average values are
derived using median calculations. This data is not produced by the MLS® system.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.