2832 Innes Road Ottawa, Ontario K1B 4K4

$1,395,000

Exceptional redevelopment opportunity at 2832 Innes Road in Ottawa's established Blackburn Hamlet community. This 24,369 sf rectangular site offers approximately 123ft of frontage on Innes Road and a depth of approximately 200 ft, with full municipal services available. The property is designated Minor Corridor with an Evolving Neighbourhood Overlay under the City of Ottawa Official Plan and is currently zoned N3B[708] under the new Comprehensive Zoning By-law. The existing zoning supports low-rise residential intensification, with a maximum height of 3 storeys and a theoretical density potential of approximately 50 units based on the site area, subject to applicable zoning provisions, approvals and development feasibility. The Official Plan contemplates greater intensification along Minor Corridors, with building heights of up to 4 storeys in the Outer Urban Transect, presenting additional redevelopment potential through rezoning. A 4-storey concept could offer an opportunity to pursue increased residential density, potentially with ground-floor commercial or service uses, subject to municipal approvals. Surrounded by established low-rise residential development and backing onto landscaped open space, the site offers a compelling setting for purpose-built rental, condominium or other medium-density residential development. Excellent access to Highway 174, retail, schools, services and the broader Orléans community. Property being marketed for land value and redevelopment potential. Buyer to complete their own planning, zoning, servicing and development due diligence. Residential home on site is currently tenanted until October 2026. HST in addition to purchase price. (id:49269)

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https://www.realtor.ca/real-estate/30216970/2832-innes-road-ottawa-2303-blackburn-hamlet-south