294 Donald Street Ottawa, Ontario K1K 1M7
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$1,499,000
Rare CM1 Corridor Opportunity in Overbrook - a property with options today and possibilities for tomorrow. Situated on a 61' 117' lot, this unique offering combines land, flexible zoning, and an existing income-producing building in one package.Designed for buyers looking beyond a traditional investment property, CM1 zoning permits a wide range of residential and commercial uses. Explore possibilities such as operating your own business while generating rental income, creating a live/work or mixed-use concept, optimizing the current residential layout, or planning for future opportunities (subject to buyer due diligence and approvals).The existing detached four-unit building features two spacious 3-bedroom units and two 1-bedroom units, offering immediate utility while you determine your long-term vision. Unlike many properties, the owner occupies one unit and has intentionally kept the remaining units vacant - providing rare flexibility to renovate, establish market rents, select tenants, redesign, or reposition.Additional highlights include five separate hydro meters, parking for multiple vehicles, excellent exposure on Donald Street, transit access, and proximity to downtown Ottawa, St. Laurent Centre, Vanier Parkway, shopping, services, parks, and employment hubs.Whether you are an entrepreneur, investor, or developer - renovate, reposition, or reimagine. A rare opportunity to secure a CM1 corridor property where your vision determines the future. (id:59142)
Property Details
| MLS® Number | X13481958 |
| Property Type | Multi-family |
| Neigbourhood | Overbrook |
| Community Name | 3502 - Overbrook/Castle Heights |
| Parking Space Total | 8 |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 8 |
| Bedrooms Total | 8 |
| Basement Development | Other, See Remarks |
| Basement Type | N/a (other, See Remarks) |
| Cooling Type | None |
| Exterior Finish | Brick |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Other, Radiant Heat |
| Stories Total | 3 |
| Size Interior | 2500 - 3000 Sqft |
| Type | Fourplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 116 Ft ,9 In |
| Size Frontage | 61 Ft |
| Size Irregular | 61 X 116.8 Ft |
| Size Total Text | 61 X 116.8 Ft |
https://www.realtor.ca/real-estate/29945235/294-donald-street-ottawa-3502-overbrookcastle-heights
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June 24 2026 02:24:57
Ottawa Real Estate Board
Details Realty Inc.