Prime Development Opportunity, 5 Minutes from Downtown Ottawa! Attention developers and investors! Are you looking for a development opportunity on a prominent Ottawa street? Look no further! This rarely offered 12,000+ sq. ft. lot (73 x 170.86) has outstanding potential in a highly desirable central location. Currently zoned IA1 (Institutional), the property has already undergone pre-consultation for rezoning to AM (Arterial Mainstreet), unlocking opportunities for high-density residential, mixed-use commercial, or multi-unit rental development. Perfectly positioned just minutes from downtown Ottawa, this site is within walking distance to public transit, parks, schools, shopping, dining, and major employment hubs - a location that ensures strong rental demand and long-term appreciation.The property currently includes a rented 3-bedroom, 2-bathroom residence with a workshop area plus a separate 1-bedroom basement apartment with private entrances, providing immediate rental income. With zoning flexibility, income potential and an unbeatable location, this is a versatile investment with both short-term returns and long-term growth in one of Ottawas fastest-developing corridors. Don't miss this opportunity, book your private viewing today.