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$749,900
Ottawa
538 Mutual Street, Ottawa, Ontario, K1K1C6
This 4-bedroom, 3-bathroom home in Ottawa is for sale. Its $749,900 asking price sits right in line with the $749,900 median in Ottawa.
Exceptional development opportunity in the heart of Castle Heights. Situated on a 60' x 111' lot and currently improved with a tenanted triplex providing holding income, this property offers compelling future redevelopment potential. A substantial rear concrete block building with high ceilings-larger than the existing residential structure-creates a rare opportunity for adaptive reuse or future development, subject to buyer due diligence and required approvals. Zoned N4B (buyer to verify), the property may support a variety of residential development concepts under Ottawa's evolving zoning framework. Located in a neighbourhood experiencing significant reinvestment and infill activity, this is an outstanding opportunity for builders, developers, and investors seeking both current income and long-term upside. AI renderings included for illustration purposes only. Buyers are advised to verify zoning, permitted uses, development potential, and all approvals required for their intended use. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 154 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 is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $749,900, about 10.2× the local median household income of $73,500.
Carrying it typically needs a household income of about $146,482 (20% down, 25-yr amortization, stress-tested) — roughly 99% above the area median.
Source: Statistics Canada, 2021 Census (FSA K1K)
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Loading rates, 30-yr amortization
Cash Needed to Close
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