832 Rex Avenue, Ottawa, Ontario K2A 2P5 (29914530)

832 Rex Avenue Ottawa, Ontario K2A 2P5

1 Bathroom 7,312 ft2

$740,000

Rare inner-city infill opportunity on one of McKellar Heights' most coveted streets. 832 Rex Avenue offers a 62.5 ft 117 ft regular lot (7,312.5 sq ft) with N3B zoning under Ottawa's new By-law 2026-50, permitting low-rise residential intensification up to 5 storeys as-of-right. The 62.5 ft frontage accommodates a range of development forms including stacked townhomes, a low-rise apartment building, or purpose-built rental. Comparable inner-city infill vacant land in Ottawa's inner core currently trades at $150-$250/sq ft, placing the implied land value of this lot at $1.1M-$1.8M. At $740,000, the acquisition represents a significant discount to raw land value, reflecting the existing structure and associated carrying costs. The existing 1956 bungalow is a demo or gut-reno candidate. Property sold as-is . Possession flexible. Steps to JCC, Altea Fitness, Evergreen Park, Dovercourt, transit, Ottawa Hospital, and Westboro Village. Broadview PS and Nepean HS catchment. (id:61072)

Property Details

MLS® Number X13454626
Property Type Vacant Land
Community Name 5202 - McKellar Heights
Equipment Type Water Heater
Parking Space Total 10
Rental Equipment Type Water Heater

Building

Bathroom Total 1
Size Interior 7,312 Ft2
Utility Water Municipal Water

Land

Acreage No
Size Depth 117 Ft
Size Frontage 62 Ft ,6 In
Size Irregular 62.5 X 117 Ft
Size Total Text 62.5 X 117 Ft
Zoning Description R10

https://www.realtor.ca/real-estate/29914530/832-rex-avenue-ottawa-5202-mckellar-heights

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Elliott Camel-Toueg
Salesperson

(613) 983-4293

Lotful Realty
58 Hampton Ave
Ottawa, Ontario K1Y 0N2

(613) 724-6222

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