280 PRESLAND Road

If you’re on the lookout for a fantastic opportunity in Ottawa, then this house for sale in Ottawa at 280 Presland Road could be just what you need. Nestled in the vibrant community of Overbrook/Castle Heights, this detached 2-storey house presents a remarkable development opportunity for builders, investors, or developers. With a prime urban location, this property is not just a house; it’s a gateway to potential.

This house for sale in Ottawa boasts a generous lot size of 50 X 161 feet, providing ample space for your creative ideas. Currently, the zoning allows for the construction of over 10 units, and there’s even the potential to apply for additional density, which could allow for up to 18 units. For those keen on immediate development, you could build 10 units without the need for site plan approval. It’s a rare find in a rapidly evolving area, making this house for sale in Ottawa a unique investment opportunity.

Situated just five minutes from downtown Ottawa, 280 Presland Road, Ottawa, offers excellent connectivity and everyday convenience. The location is a dream for anyone who values accessibility. The nearby LRT and VIA Rail stations ensure that commuting is a breeze, while the St. Laurent Shopping Centre and various transit routes are all within walking distance. You’ll find parks and a wide range of amenities close by, making this a perfect spot for both residents and future tenants.

Inside the house, you’ll find two bedrooms and a well-placed bathroom, making it a comfortable living space. The main kitchen is ready for your personal touch, and while there’s no additional kitchen or den, the layout allows for creativity in how you wish to utilise the space. With a total of five rooms, including two additional rooms, there’s plenty of room to manoeuvre. However, it’s worth noting that the house is unfurnished, giving you the freedom to design your space exactly how you envision it.

The property is equipped with central air conditioning, ensuring comfort during the warmer months, although it does not feature a fireplace or a family room. The heating is provided by a forced air system, and you’ll have the convenience of municipal water and sewer services. While there is no central vacuum system, the covered, private driveway offers parking space for up to four vehicles, making it easy for you and your guests.

As you consider this house for sale in Ottawa, keep in mind that the basement is currently unfinished, presenting an opportunity for you to create additional living space or storage as per your needs. The absence of a pool may be a consideration for some, but the potential for development far outweighs this aspect.

The property is being sold as-is, where-is, which means you’ll have the chance to shape it into your vision from the ground up. With quick access to Highway 417—just one exit from the downtown core—this location is ideal for multi-residential development or future redevelopment.

In summary, if you’re searching for a house for sale in Ottawa that offers not just a home but a significant investment opportunity, look no further than 280 Presland Road, Ottawa. With its prime location, development potential, and convenient amenities, this property stands out as a fantastic choice for anyone looking to make their mark in the city. Don’t miss out on this rare opportunity to secure land in a thriving part of Ottawa!

Overbrook/Castle Heights is a charming neighbourhood in Ottawa, offering a delightful blend of suburban tranquillity and urban convenience. Nestled just east of the Rideau River, this area is characterised by its tree-lined streets, well-maintained parks, and a variety of housing options, making it an appealing choice for families and professionals alike. Residents enjoy easy access to local amenities, including shops, schools, and recreational facilities, while the nearby public transport links provide a straightforward commute to downtown Ottawa. With its welcoming atmosphere and strong sense of community spirit, Overbrook/Castle Heights is a wonderful place to call home.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within a short distance, you will find Queen Mary Street Public School (0.9 km) and St. Michael School (0.8 km), both offering elementary education with school ratings of 1.9 and 3.3, respectively. For families seeking a broader range of grades, Queen Elizabeth Public School (1.9 km) serves students from JK to 8 and boasts a higher rating of 3.9. Secondary education options include Lisgar Collegiate Institute (2.6 km), which has an impressive rating of 7.9, and Immaculata High School (2.5 km) with a rating of 5.8. Additionally, Vincent Massey Public School (2.8 km) offers a French-language curriculum for grades JK to 8, rated at 6.9. All schools are part of reputable school boards, ensuring quality education in both English and French. This diverse selection of schools provides excellent educational opportunities for children of all ages, enhancing the appeal of the property for potential buyers.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 1,535 residents, with an average household size of 2. The demographic profile reveals an average age of 50.1 years, indicating a mature community. The average household income stands at $99,000, although 15.6% of the population is classified as low-income. The real estate market reflects an average property price of $560,000, with 77.7% of residents being renters, suggesting a strong rental market. Single individuals make up 50.37% of the population, while households with children represent 17.28%. Additionally, 21.05% of the residents are immigrants, contributing to the area's diversity. Educational attainment is notable, with 63.39% of the population holding a college or university degree. However, a significant portion, 54.72%, is not participating in the labor force, which may impact the local economy. Condominiums account for 12.84% of the housing stock, reflecting a mix of property types. Overall, this community presents a blend of stability, educational achievement, and a predominance of rental living, making it an interesting area for potential investment or residence.