An exceptional investment opportunity in the heart of Ottawa's rapidly transforming urban core, this unique property comprises 11, 13, 15, and 21 Raymond Street. They offer rental income, potential for dwelling severances and long-term redevelopment potential. Situated on a lot of approximately 7,460 square feet and zoned R4TH(85), the property supports a range of residential intensification options, making it ideal for investors and developers alike. Each of the four two-storey units is separately metered and equipped with its own furnace. Unit 21 includes six rooms, two kitchens, and two full bathrooms. Unit 13 offers five rooms, two kitchens, and two full baths, with the main floor currently vacant, ideal for conversion back to a one-bedroom suite or owner occupancy. Units 11 and 15 each feature a one-bedroom unit on the main level, with a kitchen, bathroom, and three additional rooms upstairs. The property includes ample on-site parking, its own laneway off 21, shared laundry facilities, and a bonus basement area with rough-ins for two additional bathrooms. Conveniently located just off the highway, steps from Little Italy and the Glebe Annex, and minutes from Carleton University, this location offers upside potential.
Address
21 Raymond Street
List Price
$1,450,000
MLS® Status
New
Expiration Date
2026-04-30
Property Type
Commercial
Type of Dwelling
Investment
Transaction Type
Sale
Area
West Centre Town
Sub-Area
4205 - West Centre Town
Region
Ottawa
Lot Size Source
MPAC
Lot Depth
91.62
Lot Type
Building
Lot Size Units
Acres
Lot Width
81.43
Parcel Number
041050075
Total Building Area
3143
Occupant Type
Tenant
Cross Street
Between Lebreton St N & Bell St.
MLS® Number
X12561544
Listing Brokerage
RE/MAX ABSOLUTE WALKER REALTY
Postal Code
K1R 7A1
Posession Details
TBD
Tax Amount
$9,661.00
Tax Year
2024
Standard Status
Active
Board Or Association
Ottawa Real Estate Board
Heat Type
Gas Forced Air Open
Cooling Features
No
Garage Type
None
Tax Legal Description
PT LT 25, PL 37 , AS IN N666211 ; LT 30, PL 37 , PART 1 , 5R8026 ; T/W ROW AS IN N666211 ; T/W ROW AS IN N574321 ; S/T NS240967 OTTAWA/NEPEAN