115 Rita Avenue, Ottawa, K2G2H2

Home Overview

Description

Welcome to 115 Rita Avenue, a rare opportunity in the sought-after St. Claire Gardens / Citi View community. Nestled on a premium 100 x 90 ft lot at the quiet end of a tree-lined street, this property offers both charm and future potential. The severance is complete and registered with the City of Ottawa, creating two 50 x 90 ft lots (survey and severance documents on file). With municipal services at the lot line and a 5-ft hydro easement extending the usable depth to approx. 95 ft, the groundwork is set for development. The new N2E future zoning (targeted for 2026) offers TREMENDOUS POTENTIAL, each lot permits up to 6 units (12 units total) per 50 x 95 lot X 2 lots, with an 11.0m height limit allowing 3 full floors plus basement potential. Multiplex development, semi-detached, or row-unit options all present incredible value in a location where modern infill thrives. (The specific feasibility on a given lot depends on meeting various provisions, such as setbacks and lot size. Buyers are to complete their own due diligence with the appropriate governing authorities to verify and confirm all information provided).The property currently includes a 3-bedroom home, recently painted and tenanted with a strong rental history spanning over a decade, generating reliable income while you finalize development plans. Build now, hold long-term, or partner with award-winning Canterra Design + Build to bring your vision to life. The location is second to none: steps from a pathway to Algonquin College, minutes to Baseline Station (future LRT), College Square, and the shops of Merivale Road. Within the catchment of top-rated schools including St. Gregory, Meadowlands P.S., and Merivale High School, this is a family-friendly and future-forward community. Whether you're an investor, builder, or end-user, this is a turnkey lot configuration with exceptional development potential, rental income security, and unbeatable west-end location. Some photos were virtually staged. (id:39198)

74 days

On Market

Single Family

Property Type

$4,568 / Year

Est. Taxes

House

Style

-

Garage

Finished, N/A

Basement