1491 Stittsville Main Street Ottawa, Ontario K2S 1V5

$1,299,000

ATTENTION DEVELOPERS & INVESTORS! Rare site-approved development opportunity at approx. 0.40 acres (approx. 100' x 180') at 1491 Stittsville Main Street, strategically located in the heart of Stittsville. The site is approved for development, offering a strong foundation for a new mixed-use project and an opportunity to capitalize on current City of Ottawa planning policies and housing initiatives. The property offers potential for 5 or potentially 6 storeys, subject to applicable zoning, planning requirements and approvals. Ottawa's updated parking framework, including reduced minimum parking requirements effective March 2026, may further support higher-density development by reducing parking constraints, subject to the requirements applicable to the site. The City of Ottawa is actively pursuing initiatives to accelerate housing construction, streamline development processes and increase housing supply, creating a supportive environment for builders and developers. Zoned TM9[465]H(15)-H and TM9[2272]H(15), permitting a range of residential and commercial uses. Located within Ottawa-Carleton Common Elements Condominium Corporation No. 1030, with monthly common element fees of approx. $1,740.40. Excellent exposure along Stittsville Main Street with convenient access to transit, retail, schools and major amenities. A rare opportunity for builders and investors to acquire an approved development site and explore a higher-density mixed-use project in one of Ottawa's growing communities. Buyer and buyer's advisors to conduct independent due diligence regarding zoning, height, density, parking, approvals, timelines and development feasibility. (id:12481)

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https://www.realtor.ca/real-estate/29718652/1491-stittsville-main-street-ottawa-8202-stittsville-central