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185 York Street

Lower Town - Sandy Hill, ON K1N 5T7

ActiveFor Sale
0 Beds
0 Baths
3,209 Sq Ft
Land
Virtual Tour Available

About This Property

Prime development site in Ottawa's ByWard Market. 185 York Street offers exceptional zoning flexibility with current R5S S77 zoning and future N6B S77 designation under Ottawa's New Zoning By-law. Permitted uses include low-rise, mid-rise, and high-rise apartment dwellings, with the ability to build up to 6 storeys (21.4 m height) by-right. A clean Phase 1 Environmental Site Assessment from 2022 is on file. Previously approved minor variances for lot width and area help streamline development without the need for public consultation. The property measures approximately 33 x 99 feet (3,209 sq ft). Ideally located steps to the Rideau Centre, University of Ottawa, Parliament Hill, O-Train station, and the ByWard Market, this site is well suited for boutique urban residential projects, purpose-built rentals, or luxury multi-unit development. Ground-floor commercial uses are permitted, including retail, office, or café-style activation, making it attractive for mixed-use development. Situated on York Street, slated for transformation into a pedestrian-priority shared promenade between 2025 and 2027 as part of the ByWard Market Public Realm Plan, the property offers strong exposure and long-term upside. No demolition required, providing immediate time and cost savings. Buyers to complete their own due diligence regarding development potential, building code compliance, and site planning. A rare opportunity to secure a premium lot in one of Ottawa's most vibrant downtown locations.

Property Details

StatusActive
Property TypeLand
Listing TypeFor Sale
Interior Size3,209 sq ft
Bedrooms0
Bathrooms0
Postal CodeK1N 5T7
Last UpdatedAug 8, 2026 · 7:20 p.m.

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Features & Amenities

  • View
  • Air Conditioning
  • Basement

TRREB MLS® Attribution

MLS® X12691852

Listed by EXP REALTY

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). The information contained herein is from sources believed to be reliable but is not guaranteed. Information deemed reliable but not guaranteed accurate by TRREB or Team Filipe / RE/MAX.

$748,962

asking price

MLS®X12691852
TypeLand
CityLower Town - Sandy Hill
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Team Filipe · RE/MAX · (647) 210-6070

Mortgage Estimate

Est. Monthly Payment

$3,657

/month · $599,170 mortgage

Down Payment20% — $149,792
Interest Rate5.5%

Amortization

Total Interest

$498,015

Total Cost

$1,097,185

Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.

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Listed By

EXP REALTY