1399 Aurele Street Ottawa, Ontario K1B 3L4

$950,000

EXCITING INVESTMENT & FUTURE DEVELOPMENT OPPORTUNITY | R2N ZONING | 0.346 ACRES. A rare chance to own a large 15,090 sq ft lot in the city with tons of potential, whether you're looking to invest, build down the road, or live on-site while you plan. Zoned R2N, this urban property allows for severance into 3 lots by right, or 4 with a minor variance, giving you plenty of flexibility for the future.The current home is a solid 1,200 sq ft all-brick bungalow with an attached garage, a detached garage, and rear entrance, making it ideal for a basement in-law suite or rental unit. Live in the home, rent it out, or do both while you explore your development options. Located in a fast-growing area just minutes from the LRT, Cyrville Rd, Innes Rd, and Highway 417, it's a commuter-friendly spot with strong future upside. Recent developments on nearby streets show whats possible here, and Bill 23 continues to support adding more housing within the city. Preliminary studies suggest the lot could support up to 16 units in the future, such as semi-detached homes with Secondary Dwelling Units (SDUs) all subject to city approvals. Whether you're a hands-on investor or looking for a smart long-term hold, this property offers immediate value with rental income potential and future development upside. (id:43934)

Property Details

MLS® Number	X12303114
Property Type	Vacant Land
Community Name	2204 - Pineview
Amenities Near By	Public Transit
Features	Level Lot, Flat Site
Parking Space Total	6

Building

Bathroom Total	2
Bedrooms Above Ground	4
Bedrooms Total	4
Age	51 To 99 Years
Amenities	Fireplace(s)
Appliances	Water Meter
Architectural Style	Bungalow
Basement Development	Finished
Basement Type	N/a (finished)
Cooling Type	Central Air Conditioning
Exterior Finish	Brick
Fireplace Present	Yes
Fireplace Total	1
Heating Fuel	Natural Gas
Heating Type	Radiant Heat
Stories Total	1
Size Interior	1,100 - 1,500 Ft2
Utility Water	Municipal Water

Parking

Attached Garage
Garage

Land

Acreage	No
Land Amenities	Public Transit
Sewer	Sanitary Sewer
Size Depth	131 Ft ,6 In
Size Frontage	115 Ft ,4 In
Size Irregular	115.4 X 131.5 Ft
Size Total Text	115.4 X 131.5 Ft|under 1/2 Acre
Zoning Description	R2n

Utilities

Cable	Available
Electricity	Installed
Sewer	Installed

https://www.realtor.ca/real-estate/28644327/1399-aurele-street-ottawa-2204-pineview