Description

Prime Development Opportunity at Cummings Ave & Donald St 103x138 ft Corner Lot! Attention Developers, Builders, and Investors! Seize this rare chance to acquire a 103x138 ft corner lot in Ottawa's rapidly evolving east end. Currently zoned R1 but surrounded by R4, R5, and industrial zoning, this flat, oversized lot offers immense redevelopment potential (buyer to verify rezoning and permitted uses with the City). **The new zoning by-law (currently in draft) for this lot is proposed to be CM1 H(22) promoting mixed use development along minor corridors, supporting a mix of commercial, residential and institutional uses. To find the proposed draft zoning code for a lot, you can use the interactive map on CITY OF OTTAWA , planning & development website. Located steps from public transit, grocery stores, and major shopping, this property is perfectly positioned in a high-growth corridor buzzing with multi-level, mid-, and high-rise developments.The existing structure is a full-brick, 3-bedroom bungalow/duplex with a spacious double garage and is being sold AS IS, WHERE IS, with no warranties (flood damage; electrical, plumbing, walls, and flooring removed). Priced at $1 to attract maximum interest, the true value lies in the land and its potential for renovation, rental income, or large-scale redevelopment. Key Highlights: PRIME LOCATION: Corner lot at Cummings Ave & Donald St, minutes from downtown Ottawa.Development HOTSPOT: Surrounded by transformative projects and strong rental or business development demand. FLEXIBLE OPTIONS: Ideal for rezoning, multi-unit builds, or hold-and-rent strategies. Unbeatable EXPOSURE: High-visibility lot in a neighbourhood poised for growth. Don't miss this chance to shape the future of this vibrant community. Bring your vision, opportunities like this are rare! property sold as-is, no warranties. (id:2469)

Amenities

Public Transit, Park

Listing Provided By

RE/MAX HALLMARK REALTY GROUP

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