$399,000

For sale

215 Desrosiers Street, Ottawa - Single Family for Sale

215 Desrosiers Street, Ottawa, Ontario, K1L7T2

3 beds2 baths6 parking1,750 ft²33 × 99 ft (3,267 sq ft) lot sizeListed 42 days ago

Overview

This 3-bedroom, 2-bathroom home in Ottawa is for sale offering roughly 1,750 sq ft of space. It has been on the market 42 days, fresher than the Ottawa average of 63 days.

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Description

Prime Development Opportunity Under Ottawa's New Zoning Rules! Unlock the immense potential of this 33 x 99 ft lot, perfectly positioned in one of Ottawa's most rapidly revitalizing and dynamic neighbourhoods. With Ottawa's latest Official Plan and zoning updates highly encouraging "missing middle" housing, this new N4B H(11)-zoned (Zoning source from GeoOttawa) property offers an unprecedented opportunity to build maximum-density multi-unit residential developments. Envision a highly lucrative 4-plex, multi-unit stacked townhomes, or a small low-rise apartment building, taking full advantage of relaxed parking minimums to maximize your building footprint and ROI. Ideally located just minutes to downtown and steps to the paths along the riverfront, this location offers exceptional daily convenience. Daily essentials and amenities including Green Fresh Supermarket, Loblaws, and Tim Hortons are all within walking distance. This property seamlessly blends urban convenience with natural charm, guaranteeing strong appeal to premium tenants. A rare find for forward-thinking developers or investors looking to capitalize on a neighbourhood on the rise. The property is currently connected to water, electricity, and natural gas services, offering added convenience for your development or renovation plans. Buyers to perform their own due diligence regarding new zoning capabilities. Property sold in "as is, where is" condition, strictly for land value. Act now to secure this high-upside investment! (id:66096)

Property Details

MLS®: X13821474
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 6
Interior Size: 1,750 ft²
Lot Size: 33 × 99 ft (3,267 sq ft)
Frontage: 33 ft
Storeys: 2
Basement: Unfinished, N/A
Heating: Forced air, Natural gas
Cooling: None
Garage: Detached Garage, Garage
Ownership: Freehold
Property Tax: $3,764.24/yr
Listed: 42 days ago

Features

Exterior: Stone, Stucco

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

42d

Ottawa listings, avg age

63d

Price / ft²

$228

List price

$399K

Haho

This 3-bed single family in Ottawa has been listed for 42 days, which is 21 days fresher than the city average of 63. Act while there is still low competition.

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Listed by COLDWELL BANKER SARAZEN REALTY · Jun Yu

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K1L)

This home lists at $399,000, about 6.3× the local median household income of $63,200.

Carrying it typically needs a household income of about $77,939 (20% down, 25-yr amortization, stress-tested) — roughly 23% above the area median.

Median household income: $63,200
Population: 18,213
Median age: 41.2
Owner / renter: 33% / 67%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA K1L)

$399,000· $228/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,950

Min 5%50%

Mortgage payment$2,102/mo

↳ CMHC premium ($15,162 capitalized)

Property tax (est.)$314/mo

Total monthly$2,415

Cash Needed to Close

Down payment (5%)$19,950

Land transfer tax$4,460

Est. closing costs$3,697

Total cash needed$28,107

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice