$990,000
Ottawa
829 Montreal Road, Ottawa, Ontario, K1K0S9
This 3-bedroom, 2-bathroom home in Ottawa is for sale offering roughly 1,750 sq ft of space.
Rare opportunity to own a beautifully renovated home with exceptional future development potential! Pride of ownership is evident throughout this elegant residence, which has been extensively renovated and completely gutted to the studs since 2005. Offering the perfect blend of city convenience and country charm, this unique property provides "city living in the front and country living in the back." The inviting main level features an open-concept layout with a stylish kitchen flowing seamlessly into the dining area and den, creating the perfect space for entertaining and everyday living. A spacious living room showcases a stunning stone electric fireplace, while two generously sized bedrooms and a full bathroom complete the main floor.The upper level offers a versatile third bedroom that could easily serve as a private retreat, guest suite, studio, or additional living space. The fully finished lower level expands the living area with a huge family room, large office, second bathroom, and workshop area. The backyard is framed by mature trees, offering incredible privacy, abundant wildlife, a large deck, and a peaceful setting rarely found within the city. Adding tremendous value is the property's desirable commercial zoning, allowing for a variety of professional and commercial uses(buyer to verify permitted uses). Under the proposed MS2 (Mainstreet Zone 2) framework, this could represent a significant redevelopment opportunity with potential building heights ranging from approximately 30 metres to 90 metres, subject to municipal approvals, zoning provisions, to be verified by the purchaser. A truly rare offering combining an extensively renovated home, exceptional privacy, commercial flexibility, and outstanding long-term redevelopment potential. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 133 days on market, against an average age of 63 days across the listings currently for sale in this city
This 3-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 $990,000, about 13.5× the local median household income of $73,500.
Carrying it typically needs a household income of about $193,382 (20% down, 25-yr amortization, stress-tested) — roughly 163% above the area median.
Source: Statistics Canada, 2021 Census (FSA K1K)
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Loading rates, 30-yr amortization
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Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.