7 LOWREY STREET

Ottawa, , K1Y2S5, Canada

$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.

EXTRAS: Dishwasher, Dryer, Two stoves, Two Washers, Two Refrigerators

Last updated on : Tuesday 13th of May 2025 03:25:44 PM

ADDRESS

Street : 7 LOWREY STREET

City : Ottawa

Country : Canada

Postal Code : K1Y2S5

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PROPERTY SUMMARY

Property ID : X12142418

Building Type : Duplex

Property Type : Multi-family

Bedrooms : 4

Bathrooms : 2

Parking : 3

Parking Type: Detached Garage, Garage

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