324/318 Duncairn St.

Ottawa, ON

$3,299,000

  • survey
  • Coach house
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    Development parcel - lots of possibilities

    THE AREA

    Westboro/Hampton Park an area of huge growth and attracting a mix of younger families and middle aged couples who want the convenience of a more urban lifestyle without the hustle and bustle of downtown living. 

    Ideal market place for a developer with demand high for good homes or rentals. 

    A quiet friendly neighbourhood close to all the amenities of shopping , dining , schools and the Dovercourt Recreation Centre . A mere 4 block walk to Wellington St.

    ABOUT THE PARCEL

    Two lovely homes on large lots being sold together.

    Lots are zoned R3R 2687H (8.5). Allows for trendy upscale townhomes, semi-detached, linked-detached or detached homes to be built.

    The two homes/lots are offered together and provide 14143.76 sq ft of space.121.83 x 120.53 site.

    Both homes are in mint condition and one could keep them  and develop around them or there appears to be ability to create an additional  lot between the two homes.

    While waiting tor your approvals both owners will rent back at good rates and there is a carriage house at the rear of  number 324 that has permits  to finish into a very good income generating unit.

    The land between the homes  could provide for two townhomes with 18.67 frontage each and a 1 ft minor variance needed  or add a large single home . TBA

    A smart developer may be able to do multiple rental units on the entire land ( or infill at rear and middle lot) as the new city plan encouraging intensification.

    SOME SUGGESTIONS ON DEVELOPEMENT POSSIBITIES

    Keeping Existing Structures

    • Finish permitted coach house
    • Develop land in between existing houses
      • semi detached building. Two(2) units facing the street each with 18.67 feet of frontage with a 1 foot minor variance
      • Develop one long semi detached structure
      • One(1)  large single family home in between current structures

    Developing Entire Parcel

    • 3 semi detached buildings (6 units) facing street with 20.17 frontage each.
    • 4 front to back (long semi’s) totaling 8 individual units with a minor variance of 0.86m for frontage on each lot.
    • 6 townhomes facing street.
    • 4 Large single family homes with 0.77m minor variance for frontage on each lot.
    Possible   Rents  for owners to rent back .
    Market rents of Existing homes  $4,900 for 324 Duncairn, $3,900 for 318 Duncairn,

    and $3,200 for completed coach house at 324 Duncairn.

     

    survey and carriage house permits attached 

     

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