$1,500,000
371 SUNNYSIDE AVENUE
Beds
—
Baths
—
Sqft
—
Year
—
Type
Vacant Land
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Ottawa. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Located in the well-established and highly sought-after Old Ottawa South neighborhood, just South of The Glebe, this property is in a prime location in easy walking distance to the scenic Rideau Canal and Rideau River, Bank Street, shopping. Backs onto Woodbine Place, a quaint Village Lane in the heart of the City, and convenient access for parking. Lansdowne Park just across the bridge, walk to Carleton U, easy access to Downtown. The lot measures approximately 50' x 100', providing ample space for development. The old zoning bylaw [R3Q] permitted the construction of up to 6 residential units, a 3 door row, or a double side by side. The New Draft Zoning Bylaw [CM1] allows for everything previously permitted, PLUS the development of up to 6 storey buildings with a comprehensive list of uses, including commercial and multifamily apartments. With the setbacks, the gross building area could be 16,000 sq ft. - a good development opportunity. (id:65958)
- Subtype
- Vacant Land
- Community
- 4403 - Old Ottawa South
- Living area
- 4,951 square feet
- Lot dimensions
- 50 x 99.4 FT
- On market
- Aug 24, 2025
- Status changed
- Apr 24, 2026
- Annual tax
- $8,050 (2024)
- Zoning
- R3Q[487]. New Draft Zoning - CM1 (Commercial)
- Photos
- 7
- MLS#
- X12361322
- Area
- OTTAWA
Cash on cash
-6.39%
Cap rate
3.59%
GRM
16.7
Break-even rent
$9,182
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.