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465-469 Guy Street Ottawa, Ontario K1K 1C1

14402 sqft

$1,999,000

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:48755)

Property Details

MLS® Number X12424140
Property Type Vacant Land
Community Name 3503 - Castle Heights

Building

Size Interior 14402 Sqft
Utility Water Municipal Water

Land

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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Mitch Gauzas
Salesperson

(613) 302-5752
www.mitchgauzas.com/
www.facebook.com/michgauzasrealestate/

Royal LePage Integrity Realty
2148 Carling Ave., Unit 6
Ottawa, Ontario K2A 1H1

(613) 829-1818
https://royallepageintegrity.ca/

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