This corner property presents a rare and timely infill land assembly opportunity strategically located in a high-demand, transit-oriented node near Algonquin College and the Baseline LRT Station. The property offers immediate revenue from its existing two-unit residential dwelling. Designated under the City of Ottawa's new planning framework for N3D Zoning, which is due to be enacted in early 2026, this future zoning permits significant intensification, specifically allowing for a maximum of 10 dwelling units per building and a height limit of 11 metres (3 storeys). Initial feasibility indicates potential for an 18-unit, two-building rental project on this single lot. The current upper-floor tenant is vacating at the end of December, providing a critical window for a developer to execute a live-in financing strategy while commencing the required planning and approvals for the high-density intensification immediately. All information regarding future zoning, development potential (including the 18-unit concept), and servicing capacity is based on draft documents. Buyers' intended use should be verified by the Buyer through independent due diligence. Opportunities to secure prime land under the new N3D density are extremely limited-act now to capitalize on the year-end vacancy! (id:4069)
Address
176 OAKRIDGE BOULEVARD
List Price
$999,900
Property Type
Vacant Land
Style of Home
Bungalow
Transaction Type
Sale
Area
Ontario
Sub-Area
Ottawa
Bedrooms
5
Bathrooms
2
Floor Area
700 - 1100 Sq. Ft.
Lot Size
104 x 68 FT Sq. Ft.
MLS® Number
X12538594
Listing Brokerage
ROYAL LEPAGE INTEGRITY REALTY
Basement Area
N/A, N/A
Postal Code
K2G2V2
Zoning
R1FF
Site Influences
Public Transit
Features
Flat site, In-Law Suite
Amenities
Fireplace(s)
