279/285 Pleasant Park Road

If you’re on the lookout for a fantastic investment opportunity, this house for sale in Ottawa might just be what you need. Located at 279/285 Pleasant Park Road, Ottawa, this prime development property is nestled in the highly sought-after neighbourhood of 3606 - Alta Vista/Faircrest Heights. With its strategic position along a collector arterial road, this detached house offers not just a home but a gateway to numerous possibilities.

This impressive property consists of two detached homes, both fully rented, which means you can secure conventional financing while enjoying immediate returns. The zoning for this house for sale in Ottawa is currently R1GG, but the draft new Zoning By-law proposes a shift to Minor Corridor subzone 3, zoned as CM3. This change would allow for a significant range of non-residential uses while still permitting residential units, making it an attractive option for investors looking to expand their portfolio.

The house itself boasts a generous layout with a total of 17 rooms, including seven spacious bedrooms and four bathrooms. Although there is no den or family room, the two kitchens provide ample space for cooking and entertaining. While it’s worth noting that the property does not come with a central vacuum system, pool, or fireplace, the absence of these features allows for a blank canvas where you can create your own vision. The unfinished basement offers further potential for development, whether that be additional living space or storage.

Situated on a substantial lot measuring 148 x 209 feet, this house for sale in Ottawa also includes a detached garage with space for two vehicles and parking for up to 11 additional cars. Although there is no driveway, the ample parking space ensures that you and your guests will never be short of room. The property is equipped with municipal water and sewer services, making it convenient for everyday living.

The location of 279/285 Pleasant Park Road, Ottawa, is another highlight. You’ll find yourself just 600 metres from The Pleasant Park Rapid Transit Station, which makes commuting a breeze. Additionally, the Riverside Hospital is only 600 metres away, while The General Hospital is a mere kilometre from your doorstep. This proximity to essential services and public transport makes this house for sale in Ottawa a perfect choice for families and professionals alike.

Despite being unfurnished, the house is brimming with potential. The lack of air conditioning might seem like a drawback, but with the right renovations, you can transform this space into a comfortable haven. The property is well-maintained, with vinyl siding that offers durability and ease of upkeep, ensuring that it remains an attractive option for years to come.

For those considering development, a Development Options Report is available on file, providing insights into what can be achieved with this property. Whether you’re looking to hold onto the existing rentals or explore new development opportunities, this house for sale in Ottawa is a versatile investment.

In summary, 279/285 Pleasant Park Road, Ottawa, presents an incredible opportunity for investors or those looking to develop in a prime location. With its spacious layout, strategic zoning, and proximity to essential amenities, this house for sale in Ottawa is not to be missed. If you’re ready to explore the potential of this remarkable property, don’t hesitate to reach out for more information.

Alta Vista/Faircrest Heights, located in the vibrant city of Ottawa, is a charming and well-established neighbourhood known for its tree-lined streets and welcoming atmosphere. This area boasts a mix of residential homes, parks, and local amenities, making it an ideal place for families and professionals alike. With easy access to public transport and major roadways, residents can enjoy a convenient commute to downtown Ottawa while still relishing the tranquillity of suburban living. The community is also home to several schools, recreational facilities, and green spaces, providing ample opportunities for outdoor activities and social engagement. Whether you're seeking a peaceful retreat or a lively environment, Alta Vista/Faircrest Heights offers a delightful blend of both.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within a 1.8 km radius, you will find a variety of schools catering to different educational needs. For elementary education, Riverview Alternative (1.5 km, rating 1.5), Featherston Drive Public School (1.6 km, rating 3.9), Alta Vista Public School (1.1 km, rating 6), and St. Gemma School (1.4 km, rating 7.7) offer a mix of English and French language instruction. St. Gemma School, affiliated with the Ottawa Catholic School Board, stands out with a commendable rating of 7.7. For secondary education, Hillcrest High School (1.8 km, rating 5.7) and St. Patrick's High School (1.7 km, rating 4.5) provide quality options, with St. Patrick's being a Catholic institution. The schools are all part of reputable boards, ensuring a solid educational framework. With a range of grades from JK to 12, families will appreciate the accessibility and variety of schooling options available within a short distance from the property. This vibrant educational landscape adds significant value to the neighborhood, making it a desirable location for potential buyers.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 479 residents, with an average household size of 2.7 individuals. The community is characterized by a relatively mature demographic, with an average age of 44.6 years. The average household income is notably high at $216,000, reflecting the affluence of the area, while only 7.6% of the population is classified as low-income. The real estate market shows an average property price of $1,140,000, indicating a premium housing market. Approximately 33.33% of the residents are single, and nearly half (48.28%) of households include children, suggesting a family-friendly environment. The community is diverse, with 30.86% of residents being immigrants. Renters comprise a small fraction at 5.88%, and there are no condominiums reported in the area, which may indicate a preference for single-family homes. Education levels are high, with 71.05% of residents holding a college or university degree. However, 42.11% of the population is not in the labor force, which may reflect a mix of retirees and individuals engaged in other pursuits. Overall, this area presents a unique blend of affluence, family orientation, and educational attainment.