$1,498,000
For sale: Vacant Land

Multifamily development opportunity in Ottawa's east end: two contiguous freehold lots at 465 and 469 Guy Street, offered together for $1,498,000. The assembled site has 120 feet of frontage and 120 feet of depth, about 14,402 square feet, with full municipal services. The N4B zoning offers favourable multifamily density. Income while you plan: each lot has a tenanted single-family home, providing cash flow through the approvals and design phase, with both tenancies available on 30 days notice when you are ready to build. A mature urban location near St. Laurent Shopping Centre, retail plazas, restaurants, medical centres and transit, with quick access to Highway 417, supports strong rental demand. Second roll number: 61401050128800. The two properties must be sold together.
Sold data
Homes in Ottawa took a median of 26 days to sell over the last 90 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 50, across 2,349 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 46 days.
The median sale price was $644,900.
Homes sold for about 2.1% below asking on average, so there was room to negotiate.
About 10% of sales closed above the list price.
Around 23% of sellers reduced their price before finding a buyer.
Based on 2,349 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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