$499,000
An exceptional opportunity in Ottawa's premier medical corridor-Alta Vista/Faircrest Heights. Surrounded by five major hospitals including the General and CHEO, 288 Smyth Road is perfectly positioned for a high-demand rental or mixed-use project.With pending MS1 zoning, the property will support a modern mixed-use building up to 20m in height, combining ground-floor commercial with multiple residential units-ideal for medical professionals seeking proximity to work. A 12-unit boutique concept has been explored, offering excellent returns and efficient development, with faster approvals and lower build costs.At roughly $42K per potential unit, this lot presents extraordinary value in one of Ottawa's most established and connected neighbourhoods. Easy access to Hwy 417, Trainyards shopping, and key health institutions. (id:53622)
Property Details
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MLS® Number
|
X12669418 |
|
Property Type
|
Vacant Land |
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Neigbourhood
|
Faircrest Heights |
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Community Name
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3606 - Alta Vista/Faircrest Heights |
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Amenities Near By
|
Public Transit, Park |
|
Features
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Level |
Building
|
Utility Water
|
Municipal Water |
Land
|
Access Type
|
Year-round Access |
|
Acreage
|
No |
|
Land Amenities
|
Public Transit, Park |
|
Sewer
|
Sanitary Sewer |
|
Size Depth
|
103 Ft ,8 In |
|
Size Frontage
|
59 Ft ,5 In |
|
Size Irregular
|
59.42 X 103.71 Ft ; 1 |
|
Size Total Text
|
59.42 X 103.71 Ft ; 1|under 1/2 Acre |
|
Zoning Description
|
R1gg [501] H(8.7) S1 |
Utilities
|
Natural Gas Available
|
Available |
|
Sewer
|
Available |
https://www.realtor.ca/real-estate/29221827/288-smyth-road-ottawa-3606-alta-vistafaircrest-heights