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538 MUTUAL STREET, Ottawa

4 BEDS · 3 BATHS · 2500 - 3000 sqft

$749,900

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.

General Info


MLS Listing ID: X13246548 Bedrooms: 4 Bathrooms: 3 Year Built: 0
Listing Type: Single Family Half Baths: N/A Fireplace Fuel: N/A Maintenance Fee: N/A
Foundation: Concrete Roof: N/A Title To Land: Freehold Parking Space Total: 10
Parking: N/A Heating: Forced air Size: 2500 - 3000 sqft Air Conditioning : Central air conditioning
Home Style: N/A Finished Floor Area: N/A Fireplaces: N/A Basement: Full (Finished)
Water Supply: Municipal water Road Type: N/A Pool Type: N/A

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