*Prime Development Opportunity - Well-Maintained Duplex on Oversized Lot * Located just 350 meters (a 5-minute walk) from the Bayview O-Train stop, this rare 66' x 100' R4UB-zoned lot presents a prime opportunity for investors and developers alike. With a well-maintained duplex occupying only half the lot, the remaining 33 feet offers endless potential for future development. Zoning allows for a 4-storey, 8-unit building (buyer to verify). Property Highlights:Duplex with Two Updated 2-Bedroom Units. Unit 1: Renovated 2-bed, 1-bath with in-unit laundry, leased month-to-month at $1,600 to an exceptional long-term tenant. Unit 2: Owner-occupied for 25 years, offering a projected rent of $2,400-$2,500/month. Features two balconies with stunning views of the downtown skyline and Gatineau Hills.Two Hydro Meters. Key Upgrades: Furnace (2023), AC (~2013), Roof (~2013), Sewer, Drain & Water Lines Updated. Rewired. This is a rare chance to acquire a solid income property with significant development potential in a high-demand location. Steps from transit, minutes to downtown, and surrounded by future growth (id:4069)
Address
7 LOWREY STREET
List Price
$1,350,000
Property Type
Multi-family
Type of Dwelling
Duplex
Area
Ontario
Sub-Area
Ottawa
Bedrooms
4
Bathrooms
2
Lot Size
66 x 99 FT Sq. Ft.
MLS® Number
X11970196
Listing Brokerage
ENGEL & VOLKERS OTTAWA
Postal Code
K1Y2S5
Zoning
R4UB
Amenities
Separate Electricity Meters
