Ottawa & Eastern OntarioNicolas Sigounis, REALTOR® · EXIT Realty Matrix, Brokerage

713 St Laurent Boulevard Ottawa, Ontario K1K 3A6

12,398 sqft

$1,099,999

*** Prime 12,400+ Sq. Ft. Development Site on St. Laurent Blvd. *** Attention developers and land-banking investors: This expansive 73' x 170.86' lot presents an outstanding opportunity on a central arterial main street. Current zoning permits a wide array of uses, including a community centre, day care, group home, place of worship/assembly, recreational facility, and much more. Beyond current uses, the groundwork for significant value-add has already been laid with a completed pre-consultation for Arterial Mainstreet (AM) rezoning, making this site a prime candidate for a high-density multi-residential or mixed-use project. (Please contact the listing agent directly for any questions regarding redevelopment). While you plan your build, the property offers excellent immediate utility through a unique dual-unit setup. The main three-bedroom home provides reliable holding income, with a consistent tenant currently paying $2,300/mo (month to month). The separate one-bedroom basement suite is unrented and vacant-a strategic advantage that allows a future owner to live on-site while managing development plans, or an investor to set their own market rent and optimize the property's capitalization rate. Located just five minutes from the heart of Downtown, the site boasts unbeatable proximity to the LRT, major hospital hubs, and Parliament Hill. Secure a massive footprint with immediate holding income and exponential future growth. Book your private viewing today. (id:67947)

Property Details

MLS® Number X13552120
Property Type Vacant Land
Neigbourhood Rideau-Rockcliffe
Community Name 3504 - Castle Heights/Rideau High

Building

Size Exterior 12398 Sqft
Size Interior 12,398 Sqft
Utility Water Municipal Water

Land

Acreage No
Sewer Sanitary Sewer
Size Depth 170 Ft ,10 In
Size Frontage 73 Ft
Size Irregular Bldg=73 X 170.86 Ft
Size Total Text Bldg=73 X 170.86 Ft
Zoning Description Ia1 (institutional)

https://www.realtor.ca/real-estate/30021070/713-st-laurent-boulevard-ottawa-3504-castle-heightsrideau-high

Nicolas Sigounis, REALTOR®

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Nicolas SigounisREALTOR® · EXIT Realty Matrix, Brokerage

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Listing courtesy of Akash Sharma, Ali Realty Group Inc.

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Estimate only. This is not a rate offer or a mortgage approval. Payments use Canadian semi-annual compounding. Insurance premiums, taxes and rates can change, and legal fees, adjustments and other closing costs are not included. Confirm your numbers with your lender.