Ottawa, ON K1Y1Z2 27 IRVING AVENUE

PRIME Development Opportunity in Hintonburg! Unlock the potential of this exceptional 50 x 130 ft lot in one of Ottawa's most desirable urban neighborhoods. Zoned R4UB, this rare offering presents a wide array of development options: build a stacked or low-rise apartment (up to 12 units), sever the lot into three parcels for townhomes, semi-detached dwellings or linked-detached dwellings. The possibilities are endless! Whether you choose to tear down or repurpose the existing structure, this large, solid home opens the door to a range of lucrative opportunities. Currently a legally registered duplex, the solid home features 5 bedrooms and is being sold as is. The main floor includes a formal living, kitchen, main floor bedroom or office, spacious family room, and a 3-piece bath. Upstairs, you'll find four generously sized bedrooms, a hobby room with built-in cabinetry and sink, and a 4-piece bathroom. Additional highlights include high ceilings, hardwood floors throughout, oversized trim, and large windows that flood the home with natural light. The full, dry basement offers excellent useable space and storage, and the attached single-car garage includes convenient inside access to the home. With easy highway and transit access, and a current tenant in place providing immediate rental income, this is the ideal property for anyone looking to invest, develop, or build in a thriving urban setting. Don't miss out on this incredible opportunity, Hintonburg is waiting! (id:7434)