For Sale - 465 Guy Street, Overbrook - Castleheights and Area, Ontario

Est payment $3,842/mo
Views   1
Time on Jump  306 day
  • Spacious 4-bedroom, 3-bathroom home with rental income potential.
  • Sold as a package with an adjacent property for redevelopment.
  • Located in an urban neighborhood near shopping and dining options.
  • Combined lot offers over 14,400 square feet of development opportunity.
  • No parking required with new zoning, simplifying future plans.



This 4-bedroom, 3-bathroom home is currently rented and being sold as a package with the adjacent house at 469 guy street. These are two contiguous single-family freehold homes packaged together for a multifamily redevelopment site or a buy-and-hold opportunity. An urban mature neighbourhood location in ottawa's east, near st laurent shopping centre, lots of retail plazas, restaurants, medical centres and other basic amenities. Proximity to highway 417. The new official zoning designation for the property once finally approved by the city will be n4b. This will permit a height allowance of 12. 5 meters, rear yard set back of 7. 5 meters, front yard set back of 3 meters, and side yard set backs of 1. 8 meters combined. No parking will be required with the new zoning. The total frontage is 120 feet by 120 feet in depth, offering a combined lot of 14,402 square feet. Initial estimates project a floor plate of approximately 9,690 sf with the incoming zoning. Both homes are rented for a combined amount of $6,100 per month. Utilities extra. Great passive income during a redevelopment planning period. The two homes must be sold together.
Listing IDX12424686
Address465 Guy Street
CityOverbrook - Castleheights and Area, Onta…
Price$800,000
Bed / Bath4 / 3 Full
Style2-Storey, Detached
ConstructionVinyl Siding, Stucco (Plaster)
Land Size7233.34
TypeResidential
StatusFor Sale
Subtype DetachedIndoor Features NoneOwnership FreeholdBasement UnfinishedFoundation Poured ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer
Parking 2.00
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Listing Agency:  ROYAL LEPAGE INTEGRITY REALTY

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465 Guy Street
Overbrook - Castleheights and Area , Ontario
4 3 $800,000
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