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$749,900

Active
538 Mutual Street, Ottawa, ON· Castle Heights
3+1
Bedrooms
3
Bathrooms
2500-3000
Sq Ft
$250–$300
Per Sq Ft
10
Detached Parking

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About this Property

Exceptional development opportunity in the heart of Castle Heights. Situated on a 60' x 111' lot and currently improved with a tenanted triplex providing holding income, this property offers compelling future redevelopment potential. A substantial rear concrete block building with high ceilings-larger than the existing residential structure-creates a rare opportunity for adaptive reuse or future development, subject to buyer due diligence and required approvals. Zoned N4B (buyer to verify), the property may support a variety of residential development concepts under Ottawa's evolving zoning framework. Located in a neighbourhood experiencing significant reinvestment and infill activity, this is an outstanding opportunity for builders, developers, and investors seeking both current income and long-term upside. AI renderings included for illustration purposes only. Buyers are advised to verify zoning, permitted uses, development potential, and all approvals required for their intended use.

Listed by RE/MAX DELTA REALTY TEAM · MLS# X13246548

Features & Details

Property details of 538 Mutual Street, Ottawa, ON

Property TypeDetached
Style3-Storey
Size2500-3000 sq ft
BasementFinished, Full
Total Parking10

Location

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Mortgage Calculator

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Mortgage Payment$3,684/monthly
Principal54%
Interest46%
Principal Amount$599,920
Interest$505,290
Total Payable$1,105,210
Amortization25 years

* Estimate only. Consult a mortgage broker for accurate figures.

Cash Flow Analysis

Mortgage payment$3,684
Mortgage + Expenses$3,684
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$
$
$
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Monthly Cash Flow-$3,684

* Estimate only. Consult a mortgage broker for accurate figures.

5.0 · 70+ Google reviews
+1 (613) 804-9117ak@realtorakash.ca
Akash Sharma

Akash Sharma

REALTOR® · Ali Realty Group Inc.

Ottawa's trusted real estate partner with 170+ successful transactions and $30M+ in sales.

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