Exceptional investment/redevelopment opportunity in one of Ottawa's most prestigious and established neighbourhoods. Situated on a premium oversized lot in highly sought-after Alta Vista, 312 Mountbatten Avenue offers outstanding potential for investors, builders, developers, or buyers looking to create a luxury custom residence in a prime central location. Surrounded by high-end custom homes and mature tree-lined streets, this property presents a rare opportunity to secure premium land value in a rapidly evolving luxury corridor. The property is currently tenanted, offering immediate rental income and holding potential while redevelopment plans, permits, or future custom-home designs are pursued. The lot orientation creates excellent potential for energy-efficient custom-home design while maximizing natural light in principal rear-facing rooms. This property offers buyers the opportunity to generate rental income while planning a future redevelopment project in a mature central neighbourhood where demand for premium housing remains exceptionally strong. Renderings are conceptual illustrations only and are provided for marketing purposes. *For Additional Property Details Click The Brochure Icon Below* (id:60457) Location - Cross Streets: Alta Vista Dr and Pleasant Park. ** Directions: West from Alta Vista Dr.