7 Lowrey Street Ottawa, Ontario K1Y 2S5

$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:49712)

Property Details

MLS® Number	X12142418
Property Type	Multi-family
Neigbourhood	Hintonburg
Community Name	4202 - Hintonburg
Parking Space Total	3

Building

Bathroom Total	2
Bedrooms Above Ground	4
Bedrooms Total	4
Age	100+ Years
Amenities	Separate Electricity Meters
Appliances	Dishwasher, Dryer, Two Stoves, Two Washers, Two Refrigerators
Cooling Type	Central Air Conditioning
Exterior Finish	Vinyl Siding
Foundation Type	Stone
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	2
Size Interior	1,500 - 2,000 Ft2
Type	Duplex
Utility Water	Municipal Water

Parking

Detached Garage
Garage

Land

Acreage	No
Sewer	Sanitary Sewer
Size Depth	99 Ft
Size Frontage	66 Ft
Size Irregular	66 X 99 Ft
Size Total Text	66 X 99 Ft
Zoning Description	R4ub

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