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1364 Aurele Street Ottawa, Ontario K1B 3L3

$1,549,000

R2N ZONING - RARE OPPORTUNITY TO PURCHASE, SEVER AND DEVELOP INTO SEVERAL SEPARATE LOTS!! Current lot is 114.86 ft x 132.37 ft (0.349 acre). The Ontario Provincial Legislation Bill 23 now allows up to 3 units on any lot. Moreover, the city of Ottawa's new zoning by-laws are under review with the objective of removing red tape thereby potentially allowing multi-unit development. Importantly, construction of the first building can be performed without disturbing the existing dwelling. Therefore in theory, this home can be rented while designing your plans and obtaining your permits. One neighboring property was severed into 4 lots. Each lot these lots had a duplex + in-law suite constructed on it, giving this owner 12 units! Another neighbour is currently building 8 long semis w/ in-law suite for a total of 16 units in this current zoning. Lot is Walking distance to the light rail transit station, shopping mall, school, golf course & other amenities. (id:27588)

Property Details

MLS® Number 1374727
Property Type Vacant Land
Neigbourhood Pineview
Amenities Near By Public Transit, Recreation Nearby, Shopping
Features Flat Site

Building

Basement Development Not Applicable
Basement Type Unknown (not Applicable)
Utility Water Municipal Water

Land

Access Type Road Access
Acreage No
Current Use Development Residential
Land Amenities Public Transit, Recreation Nearby, Shopping
Sewer Municipal Sewage System
Size Depth 132 Ft ,4 In
Size Frontage 114 Ft ,10 In
Size Irregular 0.35
Size Total 0.35 Ac
Size Total Text 0.35 Ac
Zoning Description R2n

https://www.realtor.ca/real-estate/26439232/1364-aurele-street-ottawa-pineview

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