$1,095,000
For sale: Multiplex

RARE DOUBLE-LOT DEVELOPMENT SITE IN BEECHWOOD VILLAGE!Landmark infill acquisition opportunity positioned just off Beechwood Avenue. This expansive 66' x 100' double parcel represents one of the premier residential build sites in Vanier North/Beechwood Village. Benefiting from the City of Ottawa N4B H(11) zoning, the site supports an 11-metre (3-storey) maximum height profile, creating a streamlined, as-of-right path for an 8 to 12 unit multi-unit residential project. Outstanding street-level orientation with open corridor views and an exceptional walkability score, steps to grocery, artisanal bakeries, boutique shops, dining, and parks, plus a short, seamless commute to downtown Ottawa and Parliament Hill. Sold strictly for land assembly and redevelopment value. An essential acquisition for multi-family builders looking for a clean, high-density site in a proven urban growth market. Buyer to verify site plan requirements and project specifics with the municipality.
Sold data
Multiplex homes in Ottawa took a median of 40 days to sell over the last 90 days, with the quickest quarter selling within 20 days and the slowest quarter taking more than 67, across 42 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 61 days.
The median sale price was $884,450.
Homes sold for about 2.6% below asking on average, so there was room to negotiate.
About 7% of sales closed above the list price.
Around 12% of sellers reduced their price before finding a buyer.
Based on 42 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. 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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