650 Churchill Avenue N, Ottawa, photo 1 1 / 24

$950,000

650 Churchill Avenue N

Laurentianview, Ottawa, ON K1Z5G1 · MLS® X13688800

  • 3Bedrooms
  • 1Bathrooms
  • 4Parking

About this property

Rare Westboro development opportunity: a 66 x 100 ft parcel (612 sq m) on a designated Minor Corridor, zoned CM1 under Ottawa's new Zoning By-law 2026-50. A professional development assessment by Novatech confirms multiple build scenarios, none requiring a rezoning: (1) Six-storey apartment building, approx. 16 units, 1,300+ sq m gross floor area, with rear-yard parking and amenity space. (2) Sever into two lots and build two six-storey buildings, approx. 8 units each, off a shared driveway, or develop both on one lot as a Planned Unit Development. (3) Four three-storey townhomes, each with two additional dwelling units, for 12 doors total. (4) Standalone retail or office, or mixed-use with ground-floor commercial and five storeys of residential above. Key CM1 zoning specs: maximum height 20 m, no minimum lot area or lot width, no front yard setback below 15 m of building height. The Official Plan's Evolving Neighbourhood Overlay supports intensification here, and the street already shows it: low-rise apartments within 100 m, mid-rise development along Richmond and Carling. Protected bike lanes on Churchill, frequent transit on two nearby corridors, and Westboro's shops, cafes, and parks within walking distance. Holding strategy included: the updated, fully liveable three-bedroom bungalow on site can generate rental income while plans and permits take shape. Development sites in Westboro rarely come to market with this much certainty attached. (id:65933)

Type
Vacant Land
Category
Vacant Land
Annual taxes
$7,480
Updated
Oct 1, 2026

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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 Engel & Volkers Ottawa.

Listing data provided by REALTOR.ca DDF® and owned by The Canadian Real Estate Association (CREA). Deemed reliable but not guaranteed.

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