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7 Lowrey Street Ottawa, Ontario K1Y 2S5

4 Bedroom 2 Bathroom 1500 - 2000 sqft
Central Air Conditioning Forced Air

$1,250,000

Prime Development Opportunity Well-Maintained Duplex on Oversized Lot: Just 350 meters (a 5-minute walk) from the Bayview O-Train stop, this rare 66' x 100' R4UB-zoned lot offers exceptional potential for investors and developers. With a well-maintained duplex occupying only half the lot, the remaining 33 feet is ideal for future development, with zoning allowing for a 4-storey, 8-unit building (buyer to verify). The property features two updated 2-bedroom units: Unit 1 is a renovated 2-bed, 1-bath with in-unit laundry, currently leased month-to-month at $1,600 to a reliable long-term tenant; Unit 2 has been owner-occupied for 25 years and offers a projected rent of \\$2,400\\$2,500/month, with two balconies boasting stunning views of the downtown skyline and Gatineau Hills. Key upgrades include a new furnace (2023), AC (~2013), roof (~2013), updated sewer, drain, and water lines, and fully rewired electrical. With two hydro meters, strong rental potential, and major development upside, this is a rare opportunity in a fast-growing, transit-connected location just minutes from downtown. (id:6673)

Property Details

MLS® Number X12142418
Property Type Multi-family
Community Name 4202 - Hintonburg
ParkingSpaceTotal 3

Building

BathroomTotal 2
BedroomsAboveGround 4
BedroomsTotal 4
Age 100+ Years
Amenities Separate Electricity Meters
Appliances Dishwasher, Dryer, Two Stoves, Two Washers, Two Refrigerators
CoolingType Central Air Conditioning
ExteriorFinish Vinyl Siding
FoundationType Stone
HeatingFuel Natural Gas
HeatingType Forced Air
StoriesTotal 2
SizeInterior 1500 - 2000 Sqft
Type Duplex
UtilityWater Municipal Water

Land

Acreage No
Sewer Sanitary Sewer
SizeDepth 99 Ft
SizeFrontage 66 Ft
SizeIrregular 66 X 99 Ft
SizeTotalText 66 X 99 Ft
ZoningDescription R4ub

https://www.realtor.ca/real-estate/28299229/7-lowrey-street-ottawa-4202-hintonburg

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Tyler Laird
Salesperson


Engel & Volkers Ottawa
292 Somerset Street West
Ottawa, Ontario K2P 0J6

Quinn Goodwin
Salesperson


Engel & Volkers Ottawa
292 Somerset Street West
Ottawa, Ontario K2P 0J6