This 60-year-old bungalow sits on a half-acre lot inside the Greenbelt, and fronts onto a main street. Most of the neighbouring properties are zoned R3 or R4, making this lot a perfect candidate for high density development in the future.

The large existing bungalow is being substantially renovated and soon will be turned into 12 residential units. This purpose-built multi-unit building will then be operated to generate positive cash flow while the City of Ottawa goes through its comprehensive rezoning process which is currently scheduled to be completed in 2025. When the new zoning is in place, we will create a proforma for the potential development options and determine how we can use the rest of the land.