Excellent mid-rise development opportunity with holding income on a rectangular 71 ft. x 116 ft. lot in Overbrook! Zoned R4UC, preliminary concept plans prepared by the seller indicate the possibility to redevelop the property with at least 12 units, potentially more. This property is designated as a 5-unit building, with 4 units currently occupied (3 x 2 bdrm units, 1 x 3 bdrm units), plus an unfinished basement which could be renovated into a 2 or 3 bdrm unit. 4 mins drive to Highway 417, short walk to FreshCo and Loblaws grocery stores, and within walking distance to the University of Ottawa. Entire building operates on hot water radiator system with each unit having their own circulating pump. New boiler in 2020. All units include in-suite laundry and 100 amp electrical service.