537 Moodie Drive Ottawa, Ontario K2H 8A7

Prime residential development land. Land area is 7,020 sq. ft. Buildable sq. ft is 3,380. Bells Corners is landlocked by NCC property, making this lot a rare opportunity. Current zoning is R1 permitting a single family house containing up to 3 units or 2 units and a coach house. New city zoning proposal is N2E which potentially allows a 10 unit building, subject to height restrictions and setbacks. Public transit steps away on Moodie, near future LRT, 15 minute walk to Robertson Rd. and all needed amenities. Buy now & plan to construct a small apartment building. Land immediately across the street is zoned R4. Nearby 572 Moodie and 4000 Old Richmond Rd. currently has construction of a 59 unit apartment building & 6 stacked townhouses. NDHQ is nearby with 9,000 employees as a great tenant pool. Purchase conditional upon severance approval anticipated by end of November. Schedule B to accompany offers. Buyers to do their own due diligence regarding usage on existing or future zoning. (id:42482)