306 NELSON STREET$1,498,900

#1364109

N/A bed

N/A bath

About the Property

Unused Land! This property allows for the construction of six additional units (eight in total) while retaining the existing gorgeous duplex. With favorable zoning, ample lot size, and an existing duplex on one side of the lot, there's plenty of unused land available for expansion, all while complying with side yard setback regulations. Located just steps from Ottawa University and Downtown, this is a prime investment opportunity. You can retain the existing duplex for immediate income potential or occupy it yourself while determining the lot configuration. The two-unit building on the property can generate substantial income from day one. The property's land value alone presents a golden opportunity, and its spacious lot invites you to explore the potential for a lucrative multi-unit development. Serious buyers and developers should act now, schedule a showing, and seize this unique chance to unlock a world of possibilities in this exceptional land opportunity! (id:46641)

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Listing Agent

Michel Brissette

Broker

(613) 668-1445

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Realtor.ca

Property Details

City: Ottawa

Neighbourhood: Sandy Hill

Lot Size: 0.11 ac

Property

Property Type

Vacant Land

Land Size

0.11 ac

Land Depth

93 ft ,2 in

Building

Basement Development

Not Applicable

Basement Type

Unknown (Not Applicable)

Measurements

Additional Info

Listing Contract Date

2023-10-31

Zoning Description

R4UD

Contact