$899,900
For sale: Detached

Wow - 84 Rita Avenue! Presenting an EXCEPTIONAL, high-yield redevelopment opportunity situated on a premium 100 x 90ft lot along a peaceful street in the highly desirable City View/St. Claire Gardens neighborhood, offering massive upside for builders & investors looking to capitalize on Ottawa's brand new "N2E" zoning. This forward-thinking zoning allows for 4-6 units "as-of-right" per lot (or potentially up to 12 units total if a buyer pursued severing into two 50 x 90 ft parcels), clearing the path for modern multiplexes, townhouses, semi-detacheds or stacked townhomes reaching up to 3-storeys above grade (up to 11 metres). This DIVERSE ZONING ("N2E632") permits a for maximum lot coverage & rear yard setbacks by including extra depth of the rear lane, artificially expanding the buildable footprint. Coupled with no parking minimums, every square inch of this property can be leveraged for high-yield living space rather than requiring large driveways for parking, giving builders unprecedented design flexibility whether they build a new low-rise multiplex, 2 semi-detacheds, townhouses or choose to renovate the solid original (original owner!) 3-bedroom, 2-bathroom home with workshop & add a detached laneway coach house / SDU in the rear yard. Perfectly positioned for premium infill development, this location sits just a short walk from Algonquin College, minutes from Baseline Station & the future LRT (scheduled Q3 of 2027), close to College Square and highway access - all in close proximity of top-tier schools. Some aerial photos have been digitally enhanced with AI to illustrate examples of potential future development concepts - buyer to do their own due diligence in terms of verifying all aspects of development, zoning, construction or renovations.
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 2,342 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 45 days.
The median sale price was $649,000.
Homes sold for about 2.1% below asking on average, so there was room to negotiate.
About 11% of sales closed above the list price.
Around 22% of sellers reduced their price before finding a buyer.
Based on 2,342 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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