Ottawa, ON K1J7R8 1128 CUMMINGS AVENUE

Attention Developers, Builders, and Contractors! Incredible opportunity to acquire a prime 103 ft x 138 ft lot in a rapidly transforming neighbourhood. VALUE IS IN THE LAND; the existing structure is a full brick 3 bdrm bungalow/duplex with huge double attached garage and is being sold AS IS, WHERE IS, with no warranties - (flood damage; electrical, plumbing, walls, and flooring removed). This flat, generously sized lot is surrounded by R3, R5 and Industrial zoning and offers great potential with many redevelopment options (buyer to verify with the city regarding permitted uses and future development potential). **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. This property sits steps away from public transit, grocery stores, and major shopping amenities. The immediate area is booming with development, including multi levels, mid & high rise stuctures just down the street. This is your opportunity to capitalize on a high-growth pocket with strong rental demand and long-term appreciation. Whether you're planning a full renovation, a rental hold, or a complete redevelopment, the potential here is undeniable. Property is being sold as-is. Bring your vision as opportunities like this don't last long. (id:7434)