314 Montfort Street Ottawa, Ontario K1L 5N4

$535,000

Located steps from Montreal Road, the property benefits from excellent public transit access and proximity to a growing mix of shops, services, and everyday conveniences, making it highly attractive for future residents. This property is sold for it's land value and redevelopment opportunity. Lot measuring 35.68 ft wide by 94.88 ft deep with a total area of approximately 3,250 sq ft (301 square meters), this property presents a compelling opportunity for redevelopment in one of Ottawa's evolving urban corridors. Zoned N4B H(11), the site aligns with the City's intensification goals, supporting higher-density residential development and offering strong potential for multi-unit construction, subject to buyer due diligence. N4 zoning does not limit the number of dwellings. The surrounding area continues to see steady revitalization, driven by infrastructure investment and increased demand for well-located housing. Within walking distance, residents will enjoy access to Nault Park, Janeville Park, White Fathers Park, the Vanier Sugar Shack, and Ottawa Public Library branches on Pères-Blancs Avenue and Côté Street, creating a vibrant and amenity-rich setting. The existing 1.5 storey home offers three bedrooms, a full basement, and a detached garage at the rear, however the property is being offered primarily for land value with redevelopment in mind. With its strategic location, flexible zoning, and strong neighbourhood fundamentals, this is an exceptional opportunity for builders, developers, and investors looking to capitalize on Ottawa's continued urban growth. Call to learn more! (id:55689)

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https://www.realtor.ca/real-estate/29679628/314-montfort-street-ottawa-3402-vanier