538 Mutual Street
About this property
Exceptional development opportunity in the heart of Castle Heights. Situated on a 60' x 111' lot and currently improved with a tenanted triplex providing holding income, this property offers compelling future redevelopment potential. A substantial rear concrete block building with high ceilings-larger than the existing residential structure-creates a rare opportunity for adaptive reuse or future development, subject to buyer due diligence and required approvals. Zoned N4B (buyer to verify), the property may support a variety of residential development concepts under Ottawa's evolving zoning framework. Located in a neighbourhood experiencing significant reinvestment and infill activity, this is an outstanding opportunity for builders, developers, and investors seeking both current income and long-term upside. AI renderings included for illustration purposes only. Buyers are advised to verify zoning, permitted uses, development potential, and all approvals required for their intended use.
Features & finishes
Property details
| MLS® Number | X13246548 |
| Status | Active |
| Listing Type | For Sale |
| Property Type | Single Family Home |
| Interior Size | 2,500 sq ft |
| Beds / Baths | 4 bed · 3 bath |
| Neighbourhood | 3503 - Castle Heights |
| City | Overbrook - Castleheights and Area |
| Postal Code | K1K 1C6 |
| Province | ON |
| Listed Date | June 5, 2026 |
| Days on Market | 62 |
| Price per Sq Ft | $300 |
| Brokerage | RE/MAX DELTA REALTY TEAM |
Location
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