$589,000
1126 Woodroffe Avenue
Kenson Park, Ottawa
- 3 bd
- 1 ba
- House
1 / 24
$580,000
Kenson Park, Ottawa, ON K2C2T6 · MLS® X13598020
PRIME LOCATION FOR DEVELOPMENT - ATTENTION INVESTORS, BUILDERS & DEVELOPERS! Unlock incredible value with this prime real estate opportunity in a highly sought-after, high-density rental pocket. Situated just minutes from Algonquin College, major transit hubs, shopping, and local amenities, this property boasts unbeatable location mechanics for maximum future returns. REBUILD OR REMODEL: The existing bungalow offers an ideal footprint for a complete transformation. Basement remediation following a water damage in 2022 and July 2026 was completed in September 2026, bringing the lower level back to a clean slate ready for your finishes, while extensive renovations are still required on the upper level. THE REAL VALUE IS IN THE LAND: For builders and developers, this prime parcel offers the ultimate blank canvas. Under the new zoning provisions, this intensification-ready site presents ideal potential for a semi-detached severance or a multi-unit development project tailored to capture the area's insatiable student and rental demand. Property is being sold in "AS IS, WHERE IS" condition with no representations or warranties. Buyers are advised to conduct their own due diligence regarding zoning, setbacks, and severance potential with the municipality. (id:65933)
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Estimate only, not financial advice. Rent is reduced by vacancy, then management is taken on the rent collected; net operating income = that, less property tax and other costs; cap rate = net operating income ÷ price; cash flow also subtracts the mortgage (semi-annual compounding, as Canadian mortgages use). Vacancy default: CMHC Rental Market Report, Ottawa, October 2025.
Listed by Royal Lepage Integrity Realty.
Listing data provided by REALTOR.ca DDF® and owned by The Canadian Real Estate Association (CREA). Deemed reliable but not guaranteed.