ON
Ottawa
K1Y2S5
7 Lowrey Street
7 Lowrey Street, Ottawa, ON K1Y2S5
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Listing Type
Multi Family
Listing Status
active
35
$1,299,900

Home Details for 7 Lowrey Street

Price
$1,299,900
Type
Residential Income
Bedrooms
4
Bathrooms
2.0
Square feet
NaN
Parking
Detached
Days on site
222
Listing #
27908812
Property Description

*Prime Development Opportunity - Well-Maintained Duplex on Oversized Lot * Located just 350 meters (a 5-minute walk) from the Bayview O-Train stop, this rare 66' x 100' R4UB-zoned lot presents a prime opportunity for investors and developers alike. With a well-maintained duplex occupying only half the lot, the remaining 33 feet offers endless potential for future development. Zoning allows for a 4-storey, 8-unit building (buyer to verify). Property Highlights:Duplex with Two Updated 2-Bedroom Units. Unit 1: Renovated 2-bed, 1-bath with in-unit laundry, leased month-to-month at $1,600 to an exceptional long-term tenant. Unit 2: Owner-occupied for 25 years, offering a projected rent of $2,400-$2,500/month. Features two balconies with stunning views of the downtown skyline and Gatineau Hills.Two Hydro Meters. Key Upgrades: Furnace (2023), AC (~2013), Roof (~2013), Sewer, Drain & Water Lines Updated. Rewired. This is a rare chance to acquire a solid income property with significant development potential in a high-demand location. Steps from transit, minutes to downtown, and surrounded by future growth (id:31684)

Property Features
  • Heating Information
    • Forced Air
    • Natural Gas
  • Cooling Information
    • Central Air
  • Parking
    • Detached
Listing Courtesy: ENGEL & VOLKERS OTTAWA
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EXIT EXCEL REALTY, BROKERAGE
1550 Carling Ave. Suite 204, Ottawa, ON K1Z 8S8
Office
613 822 8999
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