294 DONALD STREET, Ottawa, Ontario

8 Beds 4 Baths

$1,499,000

Listing ID: X13481958 Property Type: Multi-family

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:25961)

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Details

Parking Spaces: 8
Transaction: For sale

Building

BasementType: N/A (Other, See Remarks)
Basement Development: Other, See Remarks
Bedrooms Main Level: 8
Cooling: None
Exterior Finish: Brick
Fireplace Present: False
Foundation: Block
Bathrooms (Total): 4
Heating: Other, Radiant heat
Heating Fuel: Natural gas
Size Interior: 2500 - 3000 sqft
Stories Total: 3
Type: Fourplex
Utility Water: Municipal water

Land

Sewer: Sanitary sewer
Size Frontage: 61 ft
Size Irregular: 61 x 116.8 FT

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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 294 DONALD STREET in Ottawa Ontario. It was last modified on June 23rd, 2026. Contact Tim McLean to schedule a viewing or to discover other Ottawa homes for sale.

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