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PRIME DEVELOPMENT OPPORTUNITY 0.346 Acres with R2N ZONING. Rare urban infill opportunity on a 15,090 sq ft (0.346 acre) lot, offering exceptional potential for residential development. Zoned R2N, the property supports severance into 3 lots by right, and 4 lots with minor variance. Recent precedents set on the adjacent street. Located within walking distance of the LRT and just minutes from Cyrville Rd, Innes Rd, and Hwy 417, this site offers excellent transit and commuter access. The area is well-positioned for growth, and Ontario's Bill 23 further encourages density and development within city limits. Preliminary concept studies suggest the potential for 9, 12, or up to 16 units, such as long semi-detached homes with Secondary Dwelling Units (SDUs), subject to municipal approvals. This is an ideal opportunity for developers looking to contribute to the city's intensification goals while capitalizing on strong rental and resale demand. The property also includes a solid 1,200 sq ft all-brick bungalow with an attached garage, a detached garage, and an additional laneway. A separate rear entrance offers potential for a basement SDU, providing interim rental income or phased development options. Urban land parcels of this size, zoning, and location are increasingly rare. Whether for immediate redevelopment or future investment, this site offers the location, flexibility, and municipal support developers need to succeed. OFFERS to be presented Thursday, June 5th at 12 noon. As per Form 244. Any preemptive offers must have 24 hours irrevocable.......Open House Sunday June 1st, from 2-4 pm
Fridge, stove, dishwasher, hood fan, washer, dryer, blinds. Owned tankless hot water tank. All sold as is.
City: Ottawa
Neighborhood: Pineview
Purchase Price | $1195000 |
Down Payment | $239000 |
Mortgage Insurance | $0 |
Total Mortgage | $956000 |
Mortgage Payment | $5891 |
Property Taxes | $445 |
Maintenance Fees | $0 |
Monthly Payment | $6336 |
Sold Comparables homes near 1399 Aurele St, Ottawa
Located at 1399 Aurele St , this Ottawa house is available for sale. This property was listed for $1,195,000 on Wed May 28 2025. This house's size is 1100-1500 Sqft. It has 4 bedrooms and 2 bathrooms. The property includes the following rooms: Foyer, Living, Dining, Kitchen, Bathroom, Primary, 2nd Br, 3rd Br, Family, 4th Br, Bathroom, Laundry, Utility. This property comes with 1 parking spots. 1399 Aurele St, Ottawa is situated in the Pineview neighbourhood.
MLS#: X12179130 · $1,195,000 · 4 bedroom house in Pineview, Ottawa