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832 Rex Avenue Ottawa, Ontario K2A 2P5

1 Bathroom 7312 sqft

$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:12481)

Property Details

MLS® Number X13454626
Property Type Vacant Land
Community Name 5202 - McKellar Heights
EquipmentType Water Heater
ParkingSpaceTotal 10
RentalEquipmentType Water Heater

Building

BathroomTotal 1
SizeInterior 7312 Sqft
UtilityWater Municipal Water

Land

Acreage No
SizeDepth 117 Ft
SizeFrontage 62 Ft ,6 In
SizeIrregular 62.5 X 117 Ft
SizeTotalText 62.5 X 117 Ft
ZoningDescription R10

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

Contact Us

Get in touch with us for more information!


Phil Spoelstra
Broker of Record

(519) 870-7325
(519) 667-1958
www.farmontario.com

RE/MAX Centre City Phil Spoelstra Realty, Brokerage
34 Grandview Crescent
London, Ontario N6K 2Y2

(519) 667-1800
(519) 667-1958
www.farmontario.com

Ron Steenbergen
Broker

(226) 234-8239
(519) 667-1958
www.farmontario.com/

RE/MAX Centre City Realty Inc., Brokerage
675 Adelaide Street North
London, Ontario N5Y 2L4

(519) 667-1800
(519) 667-1958
www.centrecityrealty.com