Listed for:Listed Jun 6, 2026
$699,000

551 Edison Avenue

Ottawa (McKellar/Highland), ON K2A 1V5

Vacant Land For Sale
Kim Karimi
Kim Karimi

Real Estate Broker

416-838-3031
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Sale & Price History for 551 Edison Avenue, Ottawa, McKellar/Highland

No listing history available

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 551 Edison Avenue, Ottawa, McKellar/Highland

Summarized Description

  • Prime corner lot in Westboro with existing foundation.
  • Zoned R4UA for potential multi-unit development.
  • Utilities available at the lot for convenience.
  • Immediate possession available for buyers.
  • Walkable community with parks and amenities nearby.
  • Proposed plans for a luxury 3-storey residence.
  • Close to O-Train and quick access to downtown.
  • Vendor financing options available for qualified buyers.

{Intro} Corner lot with existing foundation in the heart of Westboro - one of Ottawa's most in-demand urban neighbourhoods. The site occupies a corner position at Edison Ave & Princeton Ave, offering east-facing frontage & strong visibility in a community with consistent builder demand. Zoned R4UA. Buyers are encouraged to verify all permitted uses & development options with the City of Ottawa before preparing any offer. {The Lot} 2,759.97 sq ft of irregular corner land. Lot dimensions: 65.88'x40.15'x13.96'x56.08'x50.04' - a workable footprint for a custom build or multi-unit project, subject to applicable approvals. All utilities available at the lot: gas, hydro, cable & telephone. Corner lots offer added frontage & flexibility that mid-block sites don't - worth factoring into any design review. Immediate possession. {Foundation} Existing foundation in place. Prior architectural plans were prepared for a proposed 3-storey luxury residence of approx. 2,400 sq ft above grade - Seller makes no representations or warranties regarding those plans, approvals, zoning, permits, or specifications. Sold as vacant land with existing foundation only. Buyers to conduct their own due diligence & rely on their own consultants. 1-yr vendor financing available at 5.49% w/ 25% down, 730+ credit, no income verification required - terms apply. {Location} Westboro is consistently ranked among Ottawa's most walkable urban communities. Richmond Rd runs nearby with a dense strip of independent restaurants, cafes & boutiques. Westboro Beach & the NCC Ottawa River Pathway are within walking distance. Parks include Roy Duncan Park, Lions Park & Westboro Kiwanis Park. Schools across public & Catholic boards in the immediate area. O-Train Confederation Line (Westboro Station) - downtown Ottawa under 15 min by transit. Hwy 417 is minutes south - downtown by car in under 10 min, Ottawa International Airport approx. 20 min.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$0
Land Transfer Tax Fee
$10,455

Interior Features

Fireplace/Stove
No
Elevator
No

Building

Building Type
Vacant Land

Construction

Special Designation
Unknown

Lot

Lot Front
53.28 ft
Lot Size
2759.97
Lot Shape
Irregular

Parking & Garages

Garage Spaces
0

Heating & Cooling

Natural Gas
Available
Hydro
Available
Cable
Available
Telephone
Available

Municipality
Ottawa
Neighbourhood
McKellar/Highland
Main cross streets
Richmond Rd & Princeton Ave
Zoning
R4UA
Directions
Head South on Princeton Ave an the corner of Richmond Rd & Princeton Ave; Turn right onto Princeton Ave; Destination will be on the left
Waterfront
None

MLS® number
X13410612
Data source
Toronto Regional Real Estate Board
Listed on
2026-06-06
Updated on
2026-06-06
Days on market
131 days
Possession type
Immediate
Co-op commission
2.5% + HST
Seller
Listed by
CITYSCAPE REAL ESTATE LTD.

Home Market Value

Current home valuation for 551 Edison Avenue, Ottawa, McKellar/Highland, Ottawa, ON. Listed for $699,000

HOMEH Estimate

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Estimated Sales Range

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HOMEH Estimate for 551 Edison Avenue, Ottawa, McKellar/Highland

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

Insufficient Data
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Compare up to 4 down payment scenarios

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Ottawa, ON
Minimum Down Payment Required:6.4%

5% on first $500K + 10% on $199,000 over $500K

Minimum down payment

$44,900

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$26,143$19,502$16,636$0
=Total mortgage
$679,708$648,602$610,786$559,200
Amortization
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%
%
%
%
Payment frequency
=Mortgage payment
$3,319monthly$3,167monthly$2,982monthly$2,730monthly
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Land Transfer Tax

Provincial

$10,455

Total Land Transfer Tax

$10,455

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