$649,900
For sale: Detached

Rare opportunity for developers and investors seeking a high-potential property with endless possibilities. This 6 bedroom 2 bathroom single family home is an opportunity to rent while planning for development. The City of Ottawa's new zoning bylaw proposes a transition to CM1 zoning, which allows for high density unit count. This property is well-positioned for investors seeking easy entry with flexible zoning, a large lot and vacant possession in one of Ottawa's best locations. Buyers must verify zoning, permitted uses, lot dimensions, development potential, and all municipal approvals with the City of Ottawa. Neither the seller nor the listing brokerage guarantees zoning outcomes or approvals. Don't miss this opportunity!
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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 42 days.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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