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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. (id:55625)
| MLS® Number | X13246548 |
| Property Type | Single Family |
| Community Name | 3503 - Castle Heights |
| Amenities Near By | Hospital, Park, Public Transit |
| Community Features | Community Centre, School Bus |
| Parking Space Total | 10 |
| Structure | Workshop |
| Bathroom Total | 3 |
| Bedrooms Above Ground | 3 |
| Bedrooms Below Ground | 1 |
| Bedrooms Total | 4 |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Construction Style Attachment | Detached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Stone, Vinyl Siding |
| Fireplace Present | Yes |
| Foundation Type | Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 3 |
| Size Interior | 2,500 - 3,000 Ft2 |
| Type | House |
| Utility Water | Municipal Water |
| Detached Garage | |
| Garage |
| Acreage | No |
| Land Amenities | Hospital, Park, Public Transit |
| Sewer | Sanitary Sewer |
| Size Depth | 112 Ft |
| Size Frontage | 60 Ft |
| Size Irregular | 60 X 112 Ft |
| Size Total Text | 60 X 112 Ft|under 1/2 Acre |
| Zoning Description | Residential |
| Cable | Available |
| Electricity | Available |
| Sewer | Available |
https://www.realtor.ca/real-estate/29858979/538-mutual-street-ottawa-3503-castle-heights
Marc Evans
Broker
(613) 830-0000
(613) 830-0080
remaxdeltarealtyteam.com/
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