Investment Opportunity in Westboro Home For Sale

555 Churchill Ave N | Neighbourhood: Westboro

Investment Opportunity in Westboro Home For Sale

This amazing property is a true investment opportunity in Westboro, offering walkability to the heart of the village in just a few minutes , and has a variety of options available for redevelopment or renovations.

Large Home with Great Bones!

The current home at 555 Churchill Avenue has great bones and with some cosmetic upgrades could be a great option for either owner-occupied or for renting out. The main floor has a large living room and dining room with an eat-in kitchen. There’s also a lovely family room on the main level, along with a handy powder room and indoor access to the rare double garage.

Generous spaces upstairs

The second floor features 4 bedrooms, including a large primary bedroom with ensuite bath. The three other bedrooms are all well proportioned, with good storage space, and there’s also a full family bath on this level.

High Basement with Storage

The basement is high and features a large finished rec room as well as ample storage. Renovate the existing house to use for yourself or to rent out while you plan your redevelopment.

Many options for building with R4UD-c zoning

The options for development on this lot are exciting and there are many. Perfectly located on Churchill Ave, the zoning allows for many different uses! There are options for low-rise apartments, townhouses, duplexes, linked detached dwellings, a group home, a retirement home and more! The unique shape of the lot has a wider frontage than most in the area and along the street, which opens up the possibilities. There are also options for some commercial uses as well given the amazing location…consider things like retail food store, artist studio, restaurant, barber shop, medical facility.

Government Incentives for Building and Intensification

With the new announcement about government incentives for building, this is the perfect time to realize the project you’ve been dreaming of. This location, on a well used corridor into Westboro Village provides easy access to transit or jump on the bike path right outside. A walk score that can’t be beat and all taking prospective new residents right into one of the most vibrant neighbourhoods in urban Ottawa.

Property Information

NeighborhoodWestboro
Year Built1972
Lot Size67.82' x 75.19'
Property Style2 Storey
Property Tax$8,151.23
MLS Number1362873

Property Details

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Price

$799,900