3021 Richmond Road, Ottawa, photo 1 1 / 24

$799,000

3021 Richmond Road

Britannia Heights, Ottawa, ON K2B6S6 · MLS® X13864076

  • 4Bedrooms
  • 2Bathrooms
  • 4Parking

About this property

Investors & Developers Knock! Exceptional income producing asset with huge future development potential! Welcome to this 3+1 bedroom bungalow with Walkout Basement situated on a prime 85'x118' lot in a highly sought-after community of Britannia Heights. Currently offering excellent flexibility, you can decide whether you want to keep it operating as a duplex-style (generating approximately $4000 rental income) or redevelop in the future. New zoning is MS2, allowing for high-density development with a maximum building height of up to 30m. The main floor offers 1,394 sq. ft. living space (as MPAC) features quality finishes & numerous updates. The spacious, sun-filled eat-in kitchen offers solid wood cabinetry, SS appliances and abundant counter storage space. Conveniently open to the dining area, it creates a warm inviting space for family meals & entertaining. The bright elegant living room features a fireplace, providing a comfortable setting for relaxing & gatherings. Three generously sized bedrooms and a full bathroom complete the main level. The spacious primary bedroom provides direct access to a large deck overlooking the beautiful backyard, perfect for a morning coffee, afternoon tea, BBQs or enjoying a peaceful sunset. A separate entrance leads to the recently renovated lower level, featuring an oversized kitchen, spacious bedroom, living room, den, full bathroom& laundry area. This flexible space is ideal for extended family or additional income. Step outside to your private backyard retreat, complete with mature trees, perennial gardens, and multiple decks, offering plenty of space for outdoor relaxation & entertaining. Recent updates (2026), fresh paint throughout, lighting fixtures, vinyl flooring, basement Kitchen cabinetry and countertop, bathroom vanity etc.Property wired for EV charging.Whether you're looking for an income-producing property, a flexible multi-generational home, or a future development potential, this is an opportunity worth exploring! (id:65933)

Type
House
Category
Single Family
Annual taxes
$5,657
Updated
Nov 10, 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 Details Realty Inc..

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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