538 Mutual Street Overbrook - Castleheights and Area ON

📍 Overbrook - Castleheights and Area, Ontario K1K 1C6

$749,900

Active
4BEDS
3BATHS
10PARKING
1KITCHENS
60×112LOT (FT)

📋 Listing Highlights

StatusActive
MLS®X13246548
ListedJun 5, 2026
Days on Market—
Property TypeResidential Freehold
StyleDetached
Cross StreetMutual St & May St
PossessionFlexible
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📝 Listing Description

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.

🏠 Property Details

Property TypeResidential Freehold
StyleDetached
Bedrooms4
Bathrooms3
Kitchens1

📐 Lot & Land

Lot Width60 ft
Lot Depth112 ft
Cross StreetMutual St & May St

🔧 Building & Utilities

Heat SourceGas
HeatingForced Air
CoolingCentral Air
BasementFinished, Full
GarageDetached
Parking10
ConstructionStone, Vinyl Siding
RoofShingles

💰 Financial

List Price$749,900
Annual Taxes$5,546.39 (2026)
PossessionFlexible

🧮 Mortgage Calculator

$149,980
Est. Monthly Payment
$3,684/mo
Principal: $599,920 · P+I only
Does not include taxes, insurance or CMHC
Listing provided by RE/MAX DELTA REALTY TEAMData via PropTx MLS® / TRREB. Information deemed reliable but not guaranteed.MLS® #X13246548 · Last updated: Jul 14, 2026

Information deemed reliable but not guaranteed. © TRREB / PropTx. MLS® is a trademark of CREA. This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate.