Set on a generous 43.5 ft x 132 ft lot in the heart of Old Ottawa South, 56 Grosvenor Avenue presents a rare opportunity for a renovator or end user seeking long term upside in one of the city's most established neighbourhoods.This 1927 single family detached home offers solid bones and clear potential for thoughtful renovation. The existing house can be retained and transformed, making this an ideal project for a buyer who wants to live in the home, improve it over time, and unlock value through design rather than demolition.Importantly, the lot configuration provides additional space beside the home, opening the door to future redevelopment possibilities while keeping the original residence intact, subject to zoning and approvals. This flexibility is uncommon in the area and significantly enhances the property's long term appeal. Located steps to schools, parks, sports fields, and nearby commercial amenities, with close proximity to transit and established community institutions. The property is situated on a quiet residential street surrounded by mature homes and trees. Reimagine a classic Old Ottawa South home, with optional future development potential. (id:2493)