$849,900
For sale: Detached

Redevelopment opportunity in a prime location! Don't miss your chance to own this spacious 5-bedroom, 2-bath bungalow situated on a large 50 x 138.5 ft lot. Featuring a separate basement entrance with an in-law suite, this property offers excellent income potential and endless possibilities for investors, builders, or families looking to customize their dream home. Conveniently located close to amenities, transit, schools, and more. A rare opportunity with tremendous upside! The owners have already completed the architectural design, grading plan, mechanical plan, structural plan, survey, and asbestos reports for the property. The proposed development is a single home with two additional dwelling units (3 units total), consisting of:Second Floor: 3 bedrooms and 2 full bathroomsMain Floor: 3 bedrooms and 2 full bathroomsBasement Unit: 2 bedrooms and 1 full bathroom. The architectural design is available upon request. The house is currently vacant, allowing a purchaser to immediately begin interior renovations.
Sold data
Detached homes in Ottawa took a median of 24 days to sell over the last 90 days, with the quickest quarter selling within 12 days and the slowest quarter taking more than 47, across 1,096 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 42 days.
The median sale price was $835,000.
Homes sold for about 2.0% below asking on average, so there was room to negotiate.
About 14% of sales closed above the list price.
Around 23% of sellers reduced their price before finding a buyer.
Based on 1,096 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Ottawa has 217 Fraser Institute–rated schools (174 elementary and 43 secondary), averaging 6.2/10.
School ratings from the Fraser Institute's Ontario school report cards.
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