7 Lowrey Street, Ottawa, Ontario K1Y 2S5

Listed for:
$1,299,900
4 beds
2 baths
Listed 45 days ago
Duplex for rent: 7 Lowrey Street, Ottawa, Ontario K1Y 2S5

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Learn more about this property
Listing provided by:
ENGEL & VOLKERS OTTAWA
MLS® number:
X11970196
Agent:
Tyler Laird
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About

Garland *Prime Development Opportunity - Well-Maintained Duplex on Oversized Lot * Located just 350 meters (a 5-minute walk) from the Bayview O-Train stop, this rare 66' x 100' R4UB-zoned lot presents a prime opportunity for investors and developers alike. With a well-maintained duplex occupying only half the lot, the remaining 33 feet offers endless potential for future development. Zoning allows for a 4-storey, 8-unit building (buyer to verify). Property Highlights:Duplex with Two Updated 2-Bedroom Units. Unit 1: Renovated 2-bed, 1-bath with in-unit laundry, leased month-to-month at $1,600 to an exceptional long-term tenant. Unit 2: Owner-occupied for 25 years, offering a projected rent of $2,400-$2,500/month. Features two balconies with stunning views of the downtown skyline and Gatineau Hills.Two Hydro Meters. Key Upgrades: Furnace (2023), AC (~2013), Roof (~2013), Sewer, Drain & Water Lines Updated. Rewired. This is a rare chance to acquire a solid income property with significant development potential in a high-demand location. Steps from transit, minutes to downtown, and surrounded by future growth (id:27476)

Property Highlights

MLS® Number
X11970196
Type
Multi-family
Community Name
4202 - Hintonburg
Land Size
66 x 99 FT
Parking Space Total
3

Building

Building Type
Duplex
Storeys
2.00
Square Footage
1499.9875 - 1999.983 sqft
Bathrooms Total
2
Bedrooms Above Ground
4
Bedrooms Total
4
Amenities
Separate Electricity Meters
Exterior Finish
Vinyl siding
Fireplace Present
No
Basement Type
Basement Features
Building Heating Type
Forced air
Heating Fuel
Natural gas
Building Cooling Type
Central air conditioning

Utilities

Water
Municipal water
Utility Sewer
Sanitary sewer

Location