Unique Development Opportunity in Castle Heights! More Photos

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    For Sale - 538 Mutual Street, Overbrook - Castleheights and Area, Ontario

    Est payment $3,601/mo
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    Views   1
    Time on Jump  66 day

    AI Summary *

    • Prime development site in Castle Heights on a spacious lot.
    • Currently generating income with a tenanted triplex for cash flow.
    • Large rear building with high ceilings opens up redevelopment options.
    • Zoned N4B, supporting various residential development ideas.
    • Located in a neighborhood with active reinvestment and growth potential.




    Exceptional development opportunity in the heart of castle heights. Situated on a 60' x 111' lot and currently improved with a tenanted triplex providing holding income, this property offers compelling future redevelopment potential. A substantial rear concrete block building with high ceilings-larger than the existing residential structure-creates a rare opportunity for adaptive reuse or future development, subject to buyer due diligence and required approvals. Zoned n4b (buyer to verify), the property may support a variety of residential development concepts under ottawa's evolving zoning framework. Located in a neighbourhood experiencing significant reinvestment and infill activity, this is an outstanding opportunity for builders, developers, and investors seeking both current income and long-term upside. Ai renderings included for illustration purposes only. Buyers are advised to verify zoning, permitted uses, development potential, and all approvals required for their intended use.
    Listing IDX13246548
    Address538 Mutual Street
    CityOverbrook - Castleheights and Area, Onta…
    Price$749,900
    Bed / Bath4 / 3 Full
    Style3-Storey, Detached
    ConstructionStone, Vinyl Siding
    TypeResidential
    StatusFor Sale

    Subtype DetachedIndoor Features OtherAmenities Hospital, Library, Park, Public Transit, Rec./Commun.Centre, School Bus RouteOwnership FreeholdBasement Finished, FullFoundation ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 10.00
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    Listing Agency:  RE/MAX DELTA REALTY TEAM

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

    Hospital
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    538 Mutual Street
    Overbrook - Castleheights and Area , Ontario
    4 3 $749,900
    Get more info