Unique Development Opportunity in Castle Heights!

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Large 60 x 111 lot with immense building in rear.

Zoning allows for 3 Row Units, each with 2 ADU's.

This rear building is MUCH larger than appears

3 Row Units w/ In-law suites + 3 Coach Houses

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

538 Mutual Street

Overbrook - Castleheights and Area , Ontario

4 3 $749,900

Est payment $3,601/mo

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Time on Jump 120 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.

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Purchase Price

Term

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Down Payment:
$ 37,495 ( 5% )

First Time Buyer:
Yes No

New Build:
Yes No

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

Extras

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

Market Info

Parking 10.00

Listing Brokerage: RE/MAX DELTA REALTY TEAM

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Listing Brokerage: RE/MAX DELTA REALTY TEAM

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

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