$4,500,000 | Riverside South/Gloucester Glen Ottawa House for Sale at 724 River Road Ottawa

Explore 724 River Road, a Desirable Riverside South/Gloucester Glen home for sale for $4,500,000! This Riverside South/Gloucester Glen Bungalow House for sale in Ottawa has been listed on Real-Estate.ca for 160 days under MLS® #X12120474. This home is a 1,500 square foot Bungalow Single Family House with 3 bedrooms and 3.00 bathrooms. Parking is Attached Garage, Garage. Explore the Ottawa real estate market and available Riverside South/Gloucester Glen homes for sale!

Outstanding Development Opportunity at 724 River Road, OttawaLocated along the Rideau River in the growing Riverside SouthLeitrim community, 724 River Road offers an exceptional development opportunity. This prime 1.57-hectare (3.88-acre) property features approximately 46 metres of frontage on River Road and 50 metres along the river. Situated in a vibrant and rapidly developing area, this site is ideal for a builder or investor seeking to capitalize on Ottawas strong suburban growth.Currently developed with a single detached dwelling, detached garage, and an in-ground pool, the property is designated "Neighbourhood" within the City's Official Plan and "Neighbourhood Low Density" under the new Riverside South Secondary Plan. A concept plan prepared by Fotenn Planning + Design outlines the potential for a Planned Unit Development (PUD) featuring 27 townhomes and 10 additional dwelling units, for a total of 37 residential units and a site density of 44 units per net hectare.Future development will require a Zoning By-law Amendment to transition from the current Development Reserve (DR1) zoning to a residential designation suitable for the proposed uses. Servicing studies, environmental setback confirmations, and site plan approvals will also be part of the development process.With no immediate rear neighbors, beautiful riverfront surroundings, and strong community growth, 724 River Road represents a rare and exciting opportunity to create a thoughtfully planned residential enclave in one of Ottawas most desirable suburban settings. (id:6289)

Riverside South/Gloucester Glen Map, Demographics, Characteristics