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7 LOWREY STREET, Ottawa, Ontario, K1Y 2S5

MLS® # X12142418
Investment For Sale In Hintonburg - Mechanicsville, Ottawa, Ontario
$1,250,000
7 Lowrey Street, Ottawa, ON - Outdoor
7 Lowrey Street, Ottawa, ON  - Outdoor
7 Lowrey Street, Ottawa, ON  - Outdoor
7 Lowrey Street, Ottawa, ON  - Outdoor
7 Lowrey Street, Ottawa, ON  - Indoor Photo Showing Living Room
Upper Unit - 7 Lowrey Street, Ottawa, ON - Indoor Photo Showing Living Room With Fireplace
7 LOWREY STREET, Ottawa, Ontario, K1Y 2S5
$1,250,000

Property Information:

Prime Development Opportunity Well-Maintained Duplex on Oversized Lot: Just 350 meters (a 5-minute walk) from the Bayview O-Train stop, this rare 66' x 100' R4UB-zoned lot offers exceptional potential for investors and developers. With a well-maintained duplex occupying only half the lot, the remaining 33 feet is ideal for future development, with zoning allowing for a 4-storey, 8-unit building (buyer to verify). The property features two updated 2-bedroom units: Unit 1 is a renovated 2-bed, 1-bath with in-unit laundry, currently leased month-to-month at $1,600 to a reliable long-term tenant; Unit 2 has been owner-occupied for 25 years and offers a projected rent of \\$2,400\\$2,500/month, with two balconies boasting stunning views of the downtown skyline and Gatineau Hills. Key upgrades include a new furnace (2023), AC (~2013), roof (~2013), updated sewer, drain, and water lines, and fully rewired electrical. With two hydro meters, strong rental potential, and major development upside, this is a rare opportunity in a fast-growing, transit-connected location just minutes from downtown. (id:27)

Building Features:

  • Style: Duplex
  • Building Type: Duplex
  • Amenities: Separate Hydro Meters
  • Exterior Finish: Vinyl siding
  • Floor Space: 1500 - 2000 sqft
  • Foundation Type: Stone
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Central air conditioning
  • Appliances: Dishwasher, Dryer, Two stoves

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 4
  • Bathrooms: 2
  • Floor Space (approx): 1500 - 2000 Square Feet
  • Irregular: Yes
  • Lot Depth: 99.0 Feet
  • Lot Frontage: 66.0 Feet
  • Lot Size: 66 x 99 FT
  • Zoning: R4UB
  • Sewer: Sanitary sewer
  • Parking Type: Detached garage, Garage
  • No. of Parking Spaces: 3

Courtesy of: ENGEL & VOLKERS OTTAWA

REALTOR.ca  

Location of 7 LOWREY STREET, Ottawa, Ontario, K1Y 2S5

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

30 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

30 hot days expected in 2050

47/100

Moderate

ClimateCheck®

Current data

This property, 7 LOWREY STREET , experiences 7 hot days per year at around 31.3 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 30 hot days at 34.7 degrees Celsius.

Projected Avg. Temperature

Past
31.3℃
2050
34.7℃

# Hot Days Per Year

Past
7
2050
30

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

63/100

Moderate-High

ClimateCheck®

Current data

This property, 7 LOWREY STREET , experiences 11 significant 2-day storms per year, with about 317.1mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 405.4mm of precipitation per year.

Precipitation Per Storm

Past
317.1mm
2050
405.4mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

Demographic Information of 7 LOWREY STREET, Ottawa, Ontario, K1Y 2S5

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$149,702.87

Average Number of Children

1.64

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

11.34 %

High school certificate or equivalent

17.42 %

Apprenticeship trade certificate/diploma

3.39 %

College/non-university certificate

13.65 %

University certificate (below bachelor)

4.21 %

University Degree

49.99 %

Commuter

Travel To Work

By Car

46.35 %

By Public Transit

22.17 %

By Walking

16.28 %

By Bicycle

13.49 %

By Other Methods

1.71 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

62.88 %

Houses

37.12 %

Own Vs. Rent