$800,000 | Castle Heights Ottawa for Sale at 465 Guy Street Ottawa

Explore 465 Guy Street, a Desirable Castle Heights home for sale for $800,000! This Castle Heights for sale in Ottawa has been listed on Real-Estate.ca for 61 days under MLS® #X12424686. This home is a Single Family with 4 bedrooms and 3.00 bathrooms. Parking is Detached Garage, No Garage. Explore the Ottawa real estate market and available Castle Heights homes for sale!

This 4-bedroom, 3-bathroom home is currently rented and being sold as a package with the adjacent house at 469 Guy Street. These are two contiguous single-family freehold homes packaged together for a multifamily redevelopment site or a buy-and-hold opportunity. An urban mature neighbourhood location in Ottawa's East, near St Laurent Shopping Centre, lots of retail plazas, restaurants, medical centres and other basic amenities. Proximity to Highway 417. The new official zoning designation for the property once finally approved by the city will be N4B. This will permit a height allowance of 12.5 meters, rear yard set back of 7.5 meters, front yard set back of 3 meters, and side yard set backs of 1.8 meters combined. No parking will be required with the new zoning. The total frontage is 120 feet by 120 feet in depth, offering a combined lot of 14,402 square feet. Initial estimates project a floor plate of approximately 9,690 sf with the incoming zoning. Both homes are rented for a combined amount of $6,100 per month. Utilities extra. Great passive income during a redevelopment planning period. The two homes must be sold together. (id:6289)

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