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. (id:25961)
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Rooms
| Level | Type | Dimensions |
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Details
- Amenities Nearby: Hospital, Park, Public Transit
- Community Features: Community Centre, School Bus
- Ownership: Freehold
- Parking Spaces: 10
- Structure: Workshop
- Transaction: For sale
- Zoning Description: Residential
Building
- BasementType: Full (Finished)
- Basement Development: Finished
- Bedrooms Main Level: 3
- Bedrooms Lower Level: 1
- Construction Style Attachment: Detached
- Cooling: Central air conditioning
- Exterior Finish: Stone, Vinyl siding
- Fireplace Present: True
- Foundation: Concrete
- Bathrooms (Total): 3
- Heating: Forced air
- Heating Fuel: Natural gas
- Size Interior: 2500 - 3000 sqft
- Stories Total: 3
- Type: House
- Utility Water: Municipal water
Land
- Amenities: Hospital, Park, Public Transit
- Sewer: Sanitary sewer
- Size Frontage: 60 ft
- Size Irregular: 60 x 112 FT
Listing provided by RE/MAX DELTA REALTY TEAM
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 538 MUTUAL STREET in Ottawa Ontario. It was last modified on June 5th, 2026. Contact Biju George to schedule a viewing or to discover other Ottawa homes for sale.