Descripation

Multifamily development opportunity in Ottawa's east end: two contiguous freehold lots at 465 and 469 Guy Street, offered together for $1,498,000. The assembled site has 120 feet of frontage and 120 feet of depth, about 14,402 square feet, with full municipal services. The N4B zoning offers favourable multifamily density. Income while you plan: each lot has a tenanted single-family home, providing cash flow through the approvals and design phase, with both tenancies available on 30 days notice when you are ready to build. A mature urban location near St. Laurent Shopping Centre, retail plazas, restaurants, medical centres and transit, with quick access to Highway 417, supports strong rental demand. Second roll number: 61401050128800. The two properties must be sold together.