Exceptional 5236sf land development opportunity with AS OF RIGHT ZONING ALLOWING UP TO 16 UNITS in Ottawa's highly desirable Lower Town/Sandy Hill neighbourhood. See attached architect's note re: development potential. Currently improved with a well-maintained fourplex featuring four spacious 2-bedroom, 1-bath units, the property provides steady rental income and long-term investment flexibility. Recent updates include fire retrofit compliance, upgraded electrical service, new furnaces, modernized kitchens and bathrooms, and additional in-unit improvements all contributing to strong tenant appeal and operational stability. Ideally located just steps from the ByWard Market, Ottawa University, major transit lines, and an array of shops and restaurants, the property benefits from high demand among students, professionals, and urban renters. Whether you're an investor looking to hold for cash flow and appreciation or a developer ready to capitalize on the full potential of the site, this opportunity delivers exceptional value in one of the city's most dynamic and evolving neighbourhoods. (id:2493)