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:4069)
Address
465-469 GUY STREET
List Price
$1,999,000
Property Type
Vacant Land
Transaction Type
Sale
Area
Ontario
Sub-Area
Ottawa
Floor Area
14,402 Sq. Ft.
Lot Size
120.26 x 120.5 FT Sq. Ft.
MLS® Number
X12424140
Listing Brokerage
ROYAL LEPAGE INTEGRITY REALTY
Postal Code
K1K1C1
Zoning
Changing to N4B[2064] H(11) with final draft plan
