538 MUTUAL STREET, Ottawa
$749,900
For sale: Detached
- Property type
- Detached
- Bedrooms / bathrooms
- 4 bedrooms, 3 bathrooms
- Living area
- 3,000 sqft
- MLS®
- MLS® X13246548
- Neighbourhood
- 3503 - Castle Heights
Exceptional development opportunity in the heart of Castle Heights. Situated on a 60' x 111' lot and currently improved with a tenanted triplex providing holding income, this property offers compelling future redevelopment potential. A substantial rear concrete block building with high ceilings-larger than the existing residential structure-creates a rare opportunity for adaptive reuse or future development, subject to buyer due diligence and required approvals. Zoned N4B (buyer to verify), the property may support a variety of residential development concepts under Ottawa's evolving zoning framework. Located in a neighbourhood experiencing significant reinvestment and infill activity, this is an outstanding opportunity for builders, developers, and investors seeking both current income and long-term upside. AI renderings included for illustration purposes only. Buyers are advised to verify zoning, permitted uses, development potential, and all approvals required for their intended use.
Sold data
Homes in Ottawa — recent sold market
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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 46 days.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.
- Median days to sell
- 26
- Median sale price
- $644,900
- Sale-to-list ratio
- 97.9%
- Sold above asking
- 10%
Based on 2,349 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in Ottawa
Ottawa has 217 Fraser Institute–rated schools (174 elementary and 43 secondary), averaging 6.2/10.
- Rated schools
- 217
- Elementary
- 174
- Secondary
- 43
- Average rating
- 6.2 / 10
Top-rated schools in Ottawa
- Hopewell Avenue — elementaryFraser rating 8.5/10
- Agincourt Road — elementaryFraser rating 8.4/10
- First Avenue — elementaryFraser rating 8.4/10
- Nepean — secondaryFraser rating 8.3/10
- Elmdale — elementaryFraser rating 8.2/10
- Jean-Robert Gauthier — elementaryFraser rating 8.2/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
Homes for sale near 538 MUTUAL STREET
$799,900
Detached432,000–2,500 sqft43 WATERVIEW COURT, 4604 - Mooneys Bay/Riverside Park, Ottawa
$744,900
Detached431,100–1,500 sqft1951 GARFIELD AVENUE, 5402 - Braemar Park, Ottawa
$895,000
Detached432,000–2,500 sqft235 STATION BOULEVARD, 3602 - Riverview Park, Ottawa
$752,389
Detached432,000–2,500 sqft1055 CHABLIS CRESCENT, 602 - Embrun, Russell
$699,999
Detached4+132,000–2,500 sqft1269 DIAMOND STREET, 607 - Clarence/Rockland Twp, Clarence-Rockland
$835,000
Detached431,500–2,000 sqft839 NICHOLSON AVENUE, 4604 - Mooneys Bay/Riverside Park, Ottawa
$629,000
Detached331,500–2,000 sqft369 STONEWAY DRIVE, 7710 - Barrhaven East, Ottawa
$799,000
Detached433,000–3,500 sqft21 SKEEL COURT, 8208 - Btwn Franktown Rd. & Fallowfield Rd., Ottawa