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$1,545,000
Available - For Sale
Listing ID: X12088123
Exceptional 5236sf land development opportunity with AS OF RIGHT ZONING ALLOWING UP TO 16 UNITS in Ottawa's highly desirable Lower Town/Sandy Hill neighbourhood. See attached architect's note re: development potential. Currently improved with a well-maintained fourplex featuring four spacious 2-bedroom, 1-bath units, the property provides steady rental income and long-term investment flexibility. Recent updates include fire retrofit compliance, upgraded electrical service, new furnaces, modernized kitchens and bathrooms, and additional in-unit improvements all contributing to strong tenant appeal and operational stability. Ideally located just steps from the ByWard Market, Ottawa University, major transit lines, and an array of shops and restaurants, the property benefits from high demand among students, professionals, and urban renters. Whether you're an investor looking to hold for cash flow and appreciation or a developer ready to capitalize on the full potential of the site, this opportunity delivers exceptional value in one of the city's most dynamic and evolving neighbourhoods.
Price $1,545,000
Taxes: $10,708
Tax Type: Annual
Assessment Year: 2024
Occupancy by: Tenant
Address: 335-337 St Patrick Stre , Lower Town - Sandy Hill, K1N 5K6, Ottawa
Postal Code: K1N 5K6
Province/State: Ottawa
Legal Description: PT LT 27, PL 42482 , PART 2 , 5R6603 , N
Directions/Cross Streets: Cumberland St
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Designated
Total Area: 3,108
Total Area Code:  Square Feet
Maintenance: 0
Sewers: Sanitary
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SUTTON GROUP - OTTAWA REALTY

335-337 St Patrick Stre , Lower Town - Sandy Hill, K1N 5K6, Ottawa


 
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Type: Com - Land
Area: Ottawa
Municipality: Lower Town - Sandy Hill
Neighbourhood: 4001 - Lower Town/Byward Market
Style:
Lot Size: x 119.63(Feet)
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Tax: $10,708
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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