Listed by Re/Max Delta Realty Team.

538 Mutual Street is a Detached, 3-Storey and is currently for Sale @ $824,900. Taxes in 2026 were $5,546.39.

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Exceptional development opportunity in the heart of Castle Heights. The 3-Storey on 538 Mutual Street has 3 bedrooms, 3 bathrooms, and is located on a 112 x 60 ft loton < .50 acres in the community of Castle Heights . This 60' x 111' lot offers rare zoning potential for a 9-unit project consisting of three row units, each with a secondary dwelling unit, plus three coach houses. What truly sets this property apart is the substantial existing rear structure-a solid concrete block building with high ceilings that presents an ideal opportunity for conversion into the proposed coach houses, significantly reducing redevelopment costs and complexity. The existing triplex is currently tenanted, providing holding income while plans and approvals are pursued. Located in one of Ottawa's evolving urban neighbourhoods, Castle Heights is experiencing ongoing revitalization with numerous new multi-unit developments and infill projects transforming the area. An outstanding opportunity for developers, builders, and investors seeking a project where much of the foundation for future value is already in place. Two AI photos added for illustration.

The address 538 Mutual Street was listed for sale (MLS# X13246548) on Thursday, June 04, 2026.