538 Mutual Street, Overbrook - Castleheights And Area, ON K1K 1C6
- $749,900
- 4
- BD
- 3
- BA
- 2,500
- SqFt
- List Price
- $749,900
- Price Change
- ▼ $75,000 1783213335
- MLS#
- X13246548
- Status
- ACTIVE
- Type
- Single Family Residential
- SubType
- Detached
- Style
- 3-Storey
- Bedrooms
- 4
- Bathrooms
- 3
- Living Area
- 2500-3000
- Province
- ON
- Municipality
- Overbrook - Castleheights And Area
- Area
- Ottawa
- Neighborhood
- 3503 - Castle Heights
- Subdivision
- Mutual St & May St
Property Description
Exceptional development opportunity in the heart of Castle Heights. Situated on a 60' x 111' lot and currently improved with a tenanted triplex providing holding income, this property offers compelling future redevelopment potential. A substantial rear concrete block building with high ceilings-larger than the existing residential structure-creates a rare opportunity for adaptive reuse or future development, subject to buyer due diligence and required approvals. Zoned N4B (buyer to verify), the property may support a variety of residential development concepts under Ottawa's evolving zoning framework. Located in a neighbourhood experiencing significant reinvestment and infill activity, this is an outstanding opportunity for builders, developers, and investors seeking both current income and long-term upside. AI renderings included for illustration purposes only. Buyers are advised to verify zoning, permitted uses, development potential, and all approvals required for their intended use.
Additional Information
- Taxes
- $5,546
- Heat Type
- Forced Air
- Heat Source
- Gas
- Air Conditioning
- Central Air
- Family Room
- Yes
- Kitchens
- 1
- Exterior
- Stone, Vinyl Siding
- Garage Type
- Detached
- Pool
- None
- Parking Spaces
- 10
- Parking Type
- Private
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Listing courtesy of RE/MAX DELTA REALTY TEAM.