$2,499,000

For sale

52 & 50 Stonehurst Avenue West, Ottawa - Vacant Land for Sale

52 & 50 Stonehurst Avenue West, Ottawa, Ontario, K1Y1R4

0 baths2,250 ft²100 × 98 ft (9,830 sq ft) lotListed 18 days ago

Overview

This lot in Ottawa is for sale offering roughly 2,250 sq ft of space. It has been on the market 18 days, fresher than the Ottawa average of 62 days.

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Description

Exceptional Development Opportunity in Mechanicsville! An outstanding opportunity to acquire two development lots in Ottawa's highly desirable Mechanicsville neighbourhood, offering a combined lot area of 9,830.03 sq. ft. with dimensions of approximately 100.32' x 98.12'. Ideally positioned overlooking Laroche Park, this property offers an attractive setting in a vibrant, established urban community. Zoned N5B[2019] H(19), the property permits a wide variety of potential development possibilities, including low-rise apartments, multiple-unit townhouses and other residential configurations, subject to applicable zoning provisions, approvals and due diligence. Enjoy exceptional connectivity with Tunney's Pasture LRT station approximately 850 metres away and Bayview LRT station approximately 900 metres away. Restaurants, cafés, shops and everyday amenities along Wellington Street are an easy walk away. With its generous combined lot size, park-side setting, transit accessibility and proximity to established neighbourhood amenities, this is a compelling opportunity for builders, developers and investors seeking to explore the potential of an increasingly desirable urban location. Two lots offered together, presenting exciting possibilities for future residential development. Note the house at 52 Stonehurst Ave was rented until Oct 2026 - potential income while waiting for permits (does need work) (id:66096)

Property Details

MLS®: X14090066
Property Type: Vacant Land
Zoning: N5B[2109] H(19)
Bathrooms: 0
Interior Size: 2,250 ft²
Lot Size: 100 × 98 ft (9,830 sq ft)
Frontage: 100 ft
Storeys: 2
Garage: No Garage
Property Tax: $13,853.48/yr
Listed: 18 days ago

Features

Exterior: Stucco

Services

Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

18d

Ottawa listings, avg age

62d

Price / ft²

$1,111

List price

$2.50M

Haho

This vacant land in Ottawa has been listed for 18 days, which is 44 days fresher than the city average of 62. Act while there is still low competition.

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Listed by CENTURY 21 SYNERGY REALTY INC. · David Armstrong

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K1Y)

This home lists at $2,499,000, about 25.2× the local median household income of $99,000.

Carrying it typically needs a household income of about $488,142 (20% down, 25-yr amortization, stress-tested) — roughly 393% above the area median.

Median household income: $99,000
Population: 20,712
Median age: 40
Owner / renter: 51% / 49%
Avg. household size: 2

Source: Statistics Canada, 2021 Census (FSA K1Y)

$2,499,000· $1,111/ft²

For sale

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