ACTIVE

257 Parkdale Avenue Ottawa, Ontario K1Y 1G1

$985,000
2 Bath 1,873 ft<sup>2</sup> Partially Air ConditionedForced Air
Prime Mixed-Use Income & Redevelopment Opportunity. Opportunity to own a centrally located mixed-use property with both strong holding income and tremendous future development upside. Situated on highly visible Parkdale Avenue, this property is currently zoned TM13, with conversion to CM1 under Ottawa's new zoning bylaw unlocking increased density and flexibility for mid-rise, mixed-use, or multi-residential redevelopment in one of Ottawa's most desirable growth corridors. Originally a triplex, the building has been reconfigured into one commercial and one residential unit but can be converted back to three separate units, maximizing rental income. The ground floor and basement are home to a well-established and busy nail salon, providing stable commercial revenue. The second floor features a three bedroom, two bathroom apartment, which could also be divided into two smaller units to increase cash flow. With excellent frontage, strong pedestrian and vehicle traffic, and immediate access to Tunney's Pasture, the LRT, and Ottawa's downtown core, this site is ideally positioned for both near-term cash flow and long-term redevelopment. Investors will appreciate the holding income while planning for future intensification under CM1 zoning, which supports a wide variety of commercial and residential uses. Vacant possession will be available by November 30, 2025, making this a rare and strategic acquisition for forward-thinking investors, developers, or owner-users looking to secure a property with both current stability and long-term potential. (id:28469)
Property Details
MLS® Number
X12364454
Property Type
Retail
Neighbourhood
Hintonburg
Community Name
4202 - Hintonburg
Amenities Near By
Highway, Public Transit
Building
Bathroom Total
2
Cooling Type
Partially Air Conditioned
Heating Fuel
Natural Gas
Heating Type
Forced Air
Size Exterior
174 M2
Size Interior
1,873 Ft<sup>2</sup>
Type
Residential Commercial Mix
Utility Water
Municipal Water
Land
Acreage
No
Land Amenities
Highway, Public Transit
Size Depth
100 Ft
Size Frontage
33 Ft
Size Irregular
Bldg=33 X 100 Ft ; No
Size Total Text
Bldg=33 X 100 Ft ; No
Zoning Description
Tm13[2110]h(14.5)
Neighbourhood
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Gigi Lovas
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Lpt Realty
343 Preston St. Unit: 11th Floor
Ottawa, Ontario K1S 5N4

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Jim Mattice
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(613) 581-7469

Lpt Realty
343 Preston St. Unit: 11th Floor
Ottawa, Ontario K1S 5N4

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Jason Clarke
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(613) 900-5845
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Lpt Realty, Brokerage
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