$649,000
For sale: Detached

Welcome to 2511 Junction Avenue-an increasingly rare offering combining a spacious family home with significant redevelopment potential in one of Ottawa's most central and connected neighbourhoods. Situated on a large corner lot and zoned R3A, this property presents an outstanding opportunity for homeowners, investors, and developers alike. The existing 3+1 bedroom home is solid and well-proportioned. Set across from beautiful treed city land, the home enjoys a peaceful and private setting rarely found in such a central location. From a lifestyle perspective, this location is hard to beat-just minutes to Carleton University, Billings Bridge Shopping Centre, Mooney's Bay Park, and Hog's Back Falls, with quick access to downtown via the Airport Parkway. The nearby O-Train further enhances convenience and long-term value. For those looking beyond the existing home, the R3A zoning opens the door to a variety of infill possibilities, including low-rise multi-unit development (buyer to verify). The prominent corner lot adds flexibility and design potential, making this a strategic acquisition in an area seeing continued intensification. Whether you're looking to move in, rent out, or redevelop, this property offers location, lot, and long-term upside-a combination that's becoming increasingly hard to find.
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 46, across 1,167 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 40 days.
The median sale price was $829,900.
Homes sold for about 1.9% below asking on average, so there was room to negotiate.
About 16% of sales closed above the list price.
Around 22% of sellers reduced their price before finding a buyer.
Based on 1,167 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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