Property Address: 288 Smyth Rd, Ottawa, ON, K1H5A3
Average square foot calculated using Size range provided by listing agent.
Description
An exceptional opportunity in Ottawa's premier medical corridor-Alta Vista/Faircrest Heights. Surrounded by five major hospitals including the General and CHEO, 288 Smyth Road is perfectly positioned for a high-demand rental or mixed-use project.With pending MS1 zoning, the property will support a modern mixed-use building up to 20m in height, combining ground-floor commercial with multiple residential units-ideal for medical professionals seeking proximity to work. A 12-unit boutique concept has been explored, offering excellent returns and efficient development, with faster approvals and lower build costs.At roughly $42K per potential unit, this lot presents extraordinary value in one of Ottawa's most established and connected neighbourhoods. Easy access to Hwy 417, Trainyards shopping, and key health institutions.