4 Beds 2 Bath

7 Lowrey Street, WestCentreTown, ON K1Y 2S5

West Centre Town K1Y 2S5 Ontario

MLS: X12142418

$1,250,000

Added 17 days ago | For Sale

Listed by: ENGEL & VOLKERS OTTAWA

About Property

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.

Features

  • House Style:Duplex
  • Bathrooms:2
  • Land Size: 66 X 99
  • Water:Municipal
  • Garage Spaces: /Detached
  • Driveway:
  • Heating Fuel:Gas
  • Cross Street:Garland St & Lowrey St
  • Basement:Other , Other
  • Possession Date:TBD
  • Annual Property taxes: $5973.57
  • Bedrooms:4
  • Total Parking Spaces:2
  • Parking Places:2
  • Heating Type:Forced Air
  • Pool Type:None
  • Exterior:
  • Direction Facing:North
  • Front Footage:
  • Listing ID:X12142418

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