$799,000
Ottawa
3021 Richmond Road, Ottawa, Ontario, K2B6S6
This 4-bedroom, 2-bathroom home in Ottawa is for sale offering roughly 1,300 sq ft of space. It has been on the market 32 days, fresher than the Ottawa average of 62 days.
Investors & Developers Knock! Exceptional income producing asset with huge future development potential! Welcome to this 3+1 bedroom bungalow with Walkout Basement situated on a prime 85'x118' lot in a highly sought-after community of Britannia Heights. Currently offering excellent flexibility, you can decide whether you want to keep it operating as a duplex-style (generating approximately $4000 rental income) or redevelop in the future. New zoning is MS2, allowing for high-density development with a maximum building height of up to 30m. The main floor offers 1,394 sq. ft. living space (as MPAC) features quality finishes & numerous updates. The spacious, sun-filled eat-in kitchen offers solid wood cabinetry, SS appliances and abundant counter storage space. Conveniently open to the dining area, it creates a warm inviting space for family meals & entertaining. The bright elegant living room features a fireplace, providing a comfortable setting for relaxing & gatherings. Three generously sized bedrooms and a full bathroom complete the main level. The spacious primary bedroom provides direct access to a large deck overlooking the beautiful backyard, perfect for a morning coffee, afternoon tea, BBQs or enjoying a peaceful sunset. A separate entrance leads to the recently renovated lower level, featuring an oversized kitchen, spacious bedroom, living room, den, full bathroom& laundry area. This flexible space is ideal for extended family or additional income. Step outside to your private backyard retreat, complete with mature trees, perennial gardens, and multiple decks, offering plenty of space for outdoor relaxation & entertaining. Recent updates (2026), fresh paint throughout, lighting fixtures, vinyl flooring, basement Kitchen cabinetry and countertop, bathroom vanity etc.Property wired for EV charging.Whether you're looking for an income-producing property, a flexible multi-generational home, or a future development potential, this is an opportunity worth exploring! (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 32 days on market, against an average age of 62 days across the listings currently for sale in this city
This 4-bed single family in Ottawa has been listed for 32 days, which is 30 days fresher than the city average of 62. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $799,000, about 11.1× the local median household income of $72,000.
Carrying it typically needs a household income of about $156,073 (20% down, 25-yr amortization, stress-tested) — roughly 117% above the area median.
Source: Statistics Canada, 2021 Census (FSA K2B)
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Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.