WOW! Exceptional income producing asset with huge future development potential! Prime 58x100 ft lot in the fast growing Baseline Corridor. Fully tenanted 2-unit dwelling (4-bed 2-full bath each unit) producing $83,373/yearly ($6947 monthly). An excellent cash flowing asset with a $57,927 Net Income. High demand rental area. You can decide whether you want to keep it operating as a duplex or redevelop in the future. The New Zoning for the property is MS2, allowing high density development up to 20m height. Ideally located just steps to Algonquin College, College Square, Pinecrest Recreation Centre, transit, shopping, and more. (The New Zoning in force is anticipated Sept 2026). Buy this property today and benefit from the up zoning in the nearest future. Buyers to verify zoning/permitted uses.
| MLS # | X13177416 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 103 |
| Listing Provided By | ROYAL LEPAGE INTEGRITY REALTY | X13177416 493500 |
| Bed(s) | 8 |
|---|---|
| Bath(s) | 4 |
| Car Port | Yes |
| Basement | Y |
| Acreage | 0.13 |
| Interior Features | Water Heater Owned, Upgraded Insulation, Separate Hydro Meter, Primary Bedroom - Main Floor, Separate Heating Controls, Accessory Apartment, Carpet Free |
|---|---|
| Lease To Own Equipment | None |
| Cooling | Wall Unit(s) |
| Heat Source | Gas |
| Fireplace Yes / No | No |
| Exterior Features | Landscaped, Controlled Entry |
|---|---|
| Roof | Asphalt Shingle |
| Foundation Details | Concrete |
| Construction Materials | Brick, Vinyl Siding |
| Security Features | Carbon Monoxide Detectors, Smoke Detector |
| Garage Yes / No | No |
|---|---|
| Parking Features | Available, Covered, Front Yard Parking |
| Sewer | Sewer |
|---|
| Tax Annual Amount | 4467 |
|---|---|
| Tax Legal Description | LT 337 & PT LT 338, PL 394911 , AS IN N514550 ; OTTAWA/NEPEAN |
| Tax Year | 2025 |
| Province | ON |
|---|---|
| Region | Ottawa |
| City | Parkway Park - Queensway Terrace |
| Postal Code | K2C 0E2 |
| Area | 6303 Queensway Terrace South | Ridgeview |
| Listing VS Median (in K2C 0E2) | |
Price: $1,085,000 low | high Med: $0 On site: 103 low | high Med: | |
| Province | ON |
|---|---|
| Region | Ottawa |
| City | Parkway Park - Queensway Terrace |
| Postal Code | K2C 0E2 |
| Area | 6303 Queensway Terrace South | Ridgeview |
| Listing VS Median (in K2C 0E2) | |
Price: $1,085,000 low | high Med: $0 On site: 103 low | high Med: | |