$649,900
For sale: Detached

Development or renovation opportunity in the heart of Sandy Hill. Zoned N4B [480], this property offers exceptional potential in one of Ottawa's most established urban, family friendly and university focused neighbourhoods. Ideally situated directly across from Annie Pootoogook Park, residents will enjoy immediate access to expansive green space, playground, seasonal outdoor rink, and community offerings at the Sandy Hill Community Centre, creating an attractive setting for future residential development or expansion of the existing property. Lot size of 35.5 feet x 85 feet currently comprises bungalow and garage measuring approximately 25' 10" x 13' 5", which was built approximately 15 years ago. Conveniently positioned just steps from the University of Ottawa's campus, this property benefits from strong demand drivers and proximity to academic facilities, transit including convenient access to 417 and approximately 700 m to LRT station, restaurants, cafés, shopping, and downtown employment centres. Whether envisioned as a boutique residential project or a strategic long-term investment, this is an opportunity to secure a prime development site in a vibrant, amenity-rich neighbourhood with strong rental demand. All offers to contain minimum 24 hour irrevocable.
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 1,099 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 42 days.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 $839,900.
Homes sold for about 1.9% 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 1,099 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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