84 Rita Avenue
7301 - Meadowlands/St. Claire Gardens / Meadowlands - Crestview and Area, ON K2G 2H1
About This Property
Welcome to 84 Rita Avenue! An exceptional, high-yield redevelopment opportunity situated on a premium 100 x 90ft lot along a peaceful street in the highly desirable City View/St. Claire Gardens neighborhood, offering massive upside for builders & investors looking to capitalize on Ottawa's brand new "N2E" zoning. This forward-thinking zoning allows for 4-6 units "as-of-right" per lot (or potentially up to 12 units total if a buyer pursued severing into two 50 x 90 ft parcels), clearing the path for modern multiplexes, townhouses, semi-detacheds or stacked townhomes reaching up to 3-storeys above grade (up to 11 metres). This diverse zoning ("N2E632") permits a for maximum lot coverage & rear yard setbacks by including extra depth of the rear lane, artificially expanding the buildable footprint. Coupled with no parking minimums, every square inch of this property can be leveraged for high-yield living space rather than requiring large driveways for parking, giving builders unprecedented design flexibility whether they build a new low-rise multiplex, 2 semi-detacheds, townhouses or choose to renovate the solid original (original owner!) 3-bedroom, 2-bathroom home with workshop & add a detached laneway coach house / SDU in the rear yard. Perfectly positioned for premium infill development, this location sits just a short walk from Algonquin College, minutes from Baseline Station & the future LRT (scheduled Q3 of 2027), close to College Square and highway access - all in close proximity of top-tier schools. Some aerial photos have been digitally enhanced with AI to illustrate examples of potential future development concepts - buyer to do their own due diligence in terms of verifying all aspects of development, zoning, construction or renovations.
Property Details
Features & Amenities
- View
- Fireplace
- Air Conditioning
- Basement
TRREB MLS® Attribution
MLS® X13517344
Listed by ROYAL LEPAGE TEAM 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.
asking price
Team Filipe · RE/MAX · (647) 210-6070
Mortgage Estimate
Est. Monthly Payment
$4,638
/month · $759,920 mortgage
Amortization
Total Interest
$631,626
Total Cost
$1,391,546
Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.
Full Mortgage Calculator →Listed By
ROYAL LEPAGE TEAM REALTY







































