119 FIELDROW STREET, Ottawa
- House
- Spacious 5-bedroom layout
- 6-car parking
- Ottawa location
Ask Peter Sagos about this property
About This Property
PRICED FOR LAND VALUE – EXCEPTIONAL DEVELOPMENT POTENTIAL! CORNER LOT! (125.46 feet by 77.49 feet). An outstanding opportunity for builders, developers and investors to capitalize on a property offering exciting future possibilities under N2E zoning. The value here is in the LAND and its redevelopment potential. Under the City of Ottawa’s new zoning framework, N2 – Neighbourhood Zone 2 provides increased residential development flexibility, permitting a density of up to 1.5 dwelling units per 100 m of lot area, to a maximum of 6 dwelling units per building, subject to lot dimensions, servicing, setbacks and all applicable City requirements. The “E” subzone reflects a more suburban development pattern, including an 18-metre minimum lot width and 6-metre minimum front-yard setback. This creates an exciting opportunity to explore a variety of redevelopment concepts and residential configurations, making this an attractive land acquisition for those looking toward future intensification and long-term value. Buyers are encouraged to complete their own due diligence with the City of Ottawa regarding their intended development plans. The property is currently improved with a detached bungalow that is tenant-occupied, providing existing rental income while a purchaser explores future development opportunities. A property to buy for today, but with an eye firmly on tomorrow – LAND VALUE, INCOME and DEVELOPMENT POTENTIAL all in one! Current rental income is $4295/month and viewing will only be allowed upon acceptance of an offer since being sold for LAND POTENTIAL! (id:66401)
Property Details
Building & Features
Building
- Building type
- House
- Style
- Bungalow
- Storeys
- 1
- Exterior
- Stucco, Vinyl siding
- Foundation
- Block
Interior
- Basement
- Finished, N/A
- Bedrooms above grade
- 3
- Bedrooms below grade
- 2
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning
- Fireplace
- No
- Appliances
- All, Water Heater
Parking
- Garage and parking
- Detached Garage, Garage
Lot and land
- Lot dimensions
- 125.5 x 77.5 FT
- Frontage
- 125.6 ft
- Zoning
- N2E
- Water
- Municipal water
- Sewer
- Sanitary sewer
- Utilities
- Sewer, Electricity
Ownership and fees
- Ownership
- Freehold
Location
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