23 WRIGHT STREET, Ottawa

$749,900

For sale: Detached

Property type

Detached

Bedrooms / bathrooms

5 bedrooms, 3 bathrooms

Living area

2,000 sqft

MLS®

MLS® X13820338

Neighbourhood

3501 - Overbrook

23 Wright Street sits in one of the most sought-after pockets of Overbrook; between the Vanier Parkway and the Rideau River, within walking distance of the river's pathway system and the Adàwe pedestrian bridge connecting directly to Sandy Hill and downtown Ottawa. This property is being offered alongside its immediate neighbour at 25 Wright Street, and together the two lots represent a rare side-by-side opportunity in a neighbourhood where infill activity is well underway and actively reshaping the streetscape block by block. As an estate sale, both properties are being conveyed in their current conditions. As-built, 23 Wright Street currently operates as a triplex: a 3 bedroom/1 bathroom main floor unit (empty) and two 1 bedroom/1 bathroom basement apartments, all occupied by long-standing tenants whose rents sit meaningfully below current market rates. A buyer can hold and re-position over time or proceed to redevelopment as the surrounding blocks have seen a steady pace of replacement builds, with developers delivering modern semis and singles on similarly-sized lots throughout the area. This is a great infill candidate. The property includes a single carport and a large laneway with room for at least four vehicles. Hurdman LRT Station is minutes away, OC Transpo routes 12, 14, and 18 serve the area, Highway 417 is within easy reach, and downtown Ottawa is under 10 minutes by transit. Loblaws on McArthur Avenue, the commercial strip along Montreal Road, and Beechwood Village are all close by, and the Rideau River pathway is steps from the door. For a buyer seeking land in a tight, downtown-adjacent market, two adjacent lots in this location rarely align. Further details on 23 and 25 Wright are available upon request.