724 River Road
Ottawa (Riverside South/Gloucester Glen), ON K4M 1B2
- 3Bedrooms
- 3Bathrooms
- 2Garage
- 1500–2000Sq Ft
- $9,176Tax
- 151 ftLot frontage
Estimated Value:$2,840,000See Free Estimate Report
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Free Home EvaluationHow Much Is My Home Worth?Homes for Sale NearbySale & Price History for 724 River Road, Ottawa, Riverside South/Gloucester Glen
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| 2025-05-02 | - | Login to See Prices | Active | X12120478 |
| 2025-04-30 | 2026-05-13 | Login to See Prices | Expired | x12120474 |
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About 724 River Road, Ottawa, Riverside South/Gloucester Glen
Summarized Description
- Prime 1.57-hectare development site in Ottawa.
- Potential for 37 residential units.
- Located in growing Riverside South Leitrim community.
- Features beautiful riverfront surroundings.
- No immediate rear neighbors for privacy.
- Requires zoning amendment for development.
- Includes existing detached dwelling and garage.
- Represents a rare investment opportunity.
Outstanding Development Opportunity at 724 River Road, OttawaLocated along the Rideau River in the growing Riverside SouthLeitrim community, 724 River Road offers an exceptional development opportunity. This prime 1.57-hectare (3.88-acre) property features approximately 46 metres of frontage on River Road and 50 metres along the river. Situated in a vibrant and rapidly developing area, this site is ideal for a builder or investor seeking to capitalize on Ottawas strong suburban growth.Currently developed with a single detached dwelling, detached garage, and an in-ground pool, the property is designated "Neighbourhood" within the City's Official Plan and "Neighbourhood Low Density" under the new Riverside South Secondary Plan. A concept plan prepared by Fotenn Planning + Design outlines the potential for a Planned Unit Development (PUD) featuring 27 townhomes and 10 additional dwelling units, for a total of 37 residential units and a site density of 44 units per net hectare.Future development will require a Zoning By-law Amendment to transition from the current Development Reserve (DR1) zoning to a residential designation suitable for the proposed uses. Servicing studies, environmental setback confirmations, and site plan approvals will also be part of the development process.With no immediate rear neighbors, beautiful riverfront surroundings, and strong community growth, 724 River Road represents a rare and exciting opportunity to create a thoughtfully planned residential enclave in one of Ottawas most desirable suburban settings.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $9,176
- Land Transfer Tax Fee
- $60,225
- Basement Type
- Full
Interior Features
- Interior Extras
- Sump Pump
- Fireplace/Stove
- Yes
- Elevator
- No
Exterior Features
- Pool
- Inground
Building
- Building Type
- Detached
- Building Style
- Bungalow
Construction
- Exterior Finish
- Brick
- Roof
- Asphalt Shingle
- Foundation Details
- Poured Concrete
- Special Designation
- Unknown
Lot
- Lot Front
- 151.00 ft
- Lot Depth
- 0.00 ft
- Lot Size
- 4 ac
Parking & Garages
- Garage Type
- Attached
- Garage Spaces
- 2
- Parking Spaces
- 6
- Total Garage And Parking Spaces
- 8
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- Central Air
- Water
- Well
- Sewers
- Septic
- Bedrooms
- 3
- Washrooms
- 3
- Kitchens
- 1
- Family / bonus room
- Yes
Room sizes
- Foyer—Main level
- Kitchen—Main level
- Living Room—Main level
- Dining Room—Main level
- Primary Bedroom—Main level
- Bedroom 2—Main level
- Bedroom 3—Main level
Washrooms
- 2-piece
- 3-piece
- 4-piece
- Municipality
- Ottawa
- Neighbourhood
- Riverside South/Gloucester Glen
- Main cross streets
- River Rd and Earl Armstrong
- Directions
- River Rd just south just pass the bridge.
- Waterfront
- Direct
- MLS® number
- X12120474
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2026-05-13
- Listed on
- 2025-04-30
- Days on market
- 378 days
- Possession type
- Flexible
- Co-op commission
- 2
- Seller
- Listed by
- SOLID ROCK REALTY
Home Market Value
Current home valuation for 724 River Road, Ottawa, Riverside South/Gloucester Glen, Ottawa, ON. Listed for $2,950,000
HOMEH Estimate
$2,840,000
Estimated Sales Range
$1,850,000 - $2,950,000
HOMEH Estimate for 724 River Road, Ottawa, Riverside South/Gloucester Glen
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
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$590,000
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $0 | $0 | $0 | $0 |
=Total mortgage | $2,360,000 | $2,212,500 | $2,065,000 | $1,917,500 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $11,523monthly | $10,803monthly | $10,082monthly | $9,362monthly |
Land Transfer Tax
$60,225
$60,225
Around this home
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