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1348 Thames Street Ottawa, Ontario K1Z 7N4

$399,900

Also listed as a single-family home under MLS#1322571. Welcome to 1348 Thames Street in the great City of Ottawa. This post-war bungalow is perfectly located right where Westboro meets Carlington. An intelligent kitchen/dining addition adds valuable square footage. With R2 zoning this home’s 50x130-ft lot is coveted by the best boutique builders in the region. Buy to build yourself, or purchase to live or invest and then sell to a developer later as scarcity of infill opportunities drastically increases the value. Multiple other 50-ft lots, many with shorter depths, have been split and developed as semi-detached homes. The combined value of two new semi’s is estimated around $2M. If you have a strong mind for investment, why not build 4 units? Semi-detached homes with secondary dwelling units could total ~$10,000/month in rent and be worth up to $2.4M. Keep both for a $120,000 per year retirement or sell one to pay for the other. No conveyance of offers prior to 4PM Monday November 28. (id:36465)

Property Details

MLS® Number 1322575
Property Type Vacant Land
Neigbourhood Carlington
Amenities Near By Public Transit, Recreation Nearby, Shopping
Road Type Paved Road

Building

Basement Development Not Applicable
Basement Type Unknown (not Applicable)
Utility Water Municipal Water

Land

Access Type Road Access
Acreage No
Current Use Development Residential
Land Amenities Public Transit, Recreation Nearby, Shopping
Sewer Municipal Sewage System
Size Depth 129 Ft ,10 In
Size Frontage 50 Ft
Size Irregular 0.15
Size Total 0.15 Ac
Size Total Text 0.15 Ac
Zoning Description R2g

https://www.realtor.ca/real-estate/25086537/1348-thames-street-ottawa-carlington

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