7 hours on Market

1085 Richard Ave, Ottawa, Ontario K1H 8C3

Detached
5
3
~1500-2000 sqft
$825,000
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Detached
5
3
~1500-2000 sqft

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Highlights

Property Estimate

Days on market7 hours

Estimated valueNot available

Price/Sqft$481/sqft

Monthly cost

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Description

Exceptional development opportunity just minutes from Ottawa's downtown core. This prime lot is located in a rapidly transforming neighbourhood with numerous successful redevelopment projects nearby, highlighting the exciting potential of this site. Zoned R3A, the property offers flexibility for a variety of residential builds including triplexes, semi-detached homes, and townhouses. Buyers are advised to conduct their own due diligence regarding permitted uses as well as all aspects of the property such as property taxes. This property is being sold as a development or renovation opportunity. The existing structure is not suitable for occupancy - it is offered with no warranties. Quick closing is preferred. Enjoy unbeatable proximity to Carleton University, Lansdowne Park, Old Ottawa South, The Glebe, and Alta Vista. The area is rich in amenities including restaurants, parks, bike trails, fabulous schools, and convenient access to the LRT. Whether you're an investor or developer, this is a rare chance to shape a project in one of Ottawa's most promising urban pockets.


Property Details

Style2-Storey
View-
Age of property-
SqFt~1500-2000 SqFt
Lot Size6,692 SqFt(101.1 x 66.2)
Parking Spaces2
MLS ®NumberX12521120
Community NameAlta Vista
Data SourceTRREB
Listing byINNOVATION REALTY LTD.

Features

Heating: Forced Air
Fireplace
Basement: Part Fin

Features

Lot size: 6,692 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 2


Property listed by INNOVATION REALTY LTD., Brokerage
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Market Data - Alta Vista

Geo Zone Map ThumbnailAlta Vista

Strong Buyer's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

37 days

Compared to

2024

45 days

2023

23 days

2022

33 days

New Listings

Past 30 days

11 listings

Compared to

2024

20 listings

2023

16 listings

2022

10 listings

Units sold

Past 30 days

4 units

Compared to

2024

11 units

2023

4 units

2022

5 units

Median Sold Price

Past 30 days

$737,500

Compared to

2024

$793,000

2023

$1,016,250

2022

$920,000


Population and Demographics

Overview

Total population 13191
Average household income $163,096

Age (%)

0 to 19
20%
20 to 34
23%
35 to 49
18%
50 to 64
19%
65 and plus
20%

Household composition (%)

Single family
57%
Single person
35%
Multi person
8%
Multi family
0%

Mother tongue (%)

English
69%
French
12%
Arabic
5%
Others
3%
English and French
3%
Mandarin
2%
Italian
2%
Spanish
1%

House tenancy (%)

Owners
55%
Renters
45%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget