4 Beds 2 Bath

7 Lowrey Street, WestCentreTown, ON K1Y 2S5

West Centre Town K1Y 2S5 Ontario

MLS: X11970196

$1,299,900

Added 31 days ago | For Sale

Listed by: ENGEL & VOLKERS OTTAWA

About Property

*Prime Development Opportunity - Well-Maintained Duplex on Oversized Lot * Located just 350 meters (a 5-minute walk) from the Bayview O-Train stop, this rare 66' x 100' R4UB-zoned lot presents a prime opportunity for investors and developers alike. With a well-maintained duplex occupying only half the lot, the remaining 33 feet offers endless potential for future development. Zoning allows for a 4-storey, 8-unit building (buyer to verify). Property Highlights:Duplex with Two Updated 2-Bedroom Units. Unit 1: Renovated 2-bed, 1-bath with in-unit laundry, leased month-to-month at $1,600 to an exceptional long-term tenant. Unit 2: Owner-occupied for 25 years, offering a projected rent of $2,400-$2,500/month. Features two balconies with stunning views of the downtown skyline and Gatineau Hills.Two Hydro Meters. Key Upgrades: Furnace (2023), AC (~2013), Roof (~2013), Sewer, Drain & Water Lines Updated. Rewired. This is a rare chance to acquire a solid income property with significant development potential in a high-demand location. Steps from transit, minutes to downtown, and surrounded by future growth

Features

  • House Style:Duplex
  • Bathrooms:2
  • Land Size: 66 X 99
  • Water:Municipal
  • Garage Spaces: /Detached
  • Driveway:
  • Heating Fuel:Gas
  • Cross Street:Garland
  • Basement:Other , Other
  • Possession Date:TBA
  • Annual Property taxes: $5700
  • Bedrooms:4
  • Total Parking Spaces:2
  • Parking Places:2
  • Heating Type:Forced Air
  • Pool Type:None
  • Exterior:
  • Direction Facing:North
  • Front Footage:
  • Listing ID:X11970196

About Agent
Prabhjot Singh
REALTOR®
(905) 867-2666 [email protected]
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