724 River Rd
Riverside South/Gloucester Glen, Ottawa
$4,500,000
Buy with Dwelly and Save $45,000
Home Details
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Listing Description
Outstanding Development Opportunity at 724 River Road, OttawaLocated along the Rideau River in the growing Riverside SouthLeitrim community, 724 River Road offers an exceptional development opportunity. This prime 1.57-hectare (3.88-acre) property features approximately 46 metres of frontage on River Road and 50 metres along the river. Situated in a vibrant and rapidly developing area, this site is ideal for a builder or investor seeking to capitalize on Ottawas strong suburban growth.Currently developed with a single detached dwelling, detached garage, and an in-ground pool, the property is designated "Neighbourhood" within the City's Official Plan and "Neighbourhood Low Density" under the new Riverside South Secondary Plan. A concept plan prepared by Fotenn Planning + Design outlines the potential for a Planned Unit Development (PUD) featuring 27 townhomes and 10 additional dwelling units, for a total of 37 residential units and a site density of 44 units per net hectare.Future development will require a Zoning By-law Amendment to transition from the current Development Reserve (DR1) zoning to a residential designation suitable for the proposed uses. Servicing studies, environmental setback confirmations, and site plan approvals will also be part of the development process.With no immediate rear neighbors, beautiful riverfront surroundings, and strong community growth, 724 River Road represents a rare and exciting opportunity to create a thoughtfully planned residential enclave in one of Ottawas most desirable suburban settings.Contact us today to learn more about this incredible opportunity!
City: Ottawa
Neighborhood: Riverside South/Gloucester Glen
Property History
Rooms
Room dimensions for 724 River Rd, Ottawa
Market Trends and Insights
Mortgage Calculator
Your estimated monthly payment for 724 River Rd is 22949
Price
$Rate
%Ammortization
Down Payment
$Total Mortgage
| Purchase Price | $4500000 |
| Down Payment | $900000 |
| Mortgage Insurance | $0 |
| Total Mortgage | $3600000 |
Monthly Payment
| Mortgage Payment | $22184 |
| Property Taxes | $765 |
| Maintenance Fees | $0 |
| Monthly Payment | $22949 |
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About 724 River Rd, Ottawa
Located at 724 River Rd , this Ottawa house is available for sale. This property was listed for $4,500,000 on Fri May 02 2025. This house's size is 1500-2000 Sqft. It has 3 bedrooms and 3 bathrooms. The property includes the following rooms: Foyer, Kitchen, Living, Dining, Primary, 2nd Br, 3rd Br. This property comes with 8 parking spots. 724 River Rd, Ottawa is situated in the Riverside South/Gloucester Glen neighbourhood.
MLS#: X12120474 · $4,500,000 · 3 bedroom house in Riverside South/Gloucester Glen, Ottawa