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$985,000
Available - For Sale
Listing ID: X12364454
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.
Price $985,000
Taxes: $6,440.2
Tax Type: Annual
Occupancy by: Tenant
Address: 257 Parkdale Avenue , West Centre Town, K1Y 1G1, Ottawa
Postal Code: K1Y 1G1
Province/State: Ottawa
Directions/Cross Streets: Parkdale Avenue and Scott Street
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Category: Store With Apt/Office
Building Percentage: T
Total Area: 174
Total Area Code:  Square Meters
Office/Appartment Area: 87
Office/Appartment Area Code: Sq Metres
Retail Area Code: Sq Metres
Area Influences: Major Highway   Public Transit
Maintenance: 0
Sprinklers: No
Heat Type: Gas Forced Air Open
Central Air Conditioning: Partial
Sewers: Sanitary+Storm
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LPT REALTY

257 Parkdale Avenue , West Centre Town, K1Y 1G1, Ottawa

Personal Picture
Paulette Zander
Sales Representatives
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416-456-7481
Bus:
416-203-6636
Fax:
416-203-1908

 
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Type: Com - Store W Apt/Office
Area: Ottawa
Municipality: West Centre Town
Neighbourhood: 4202 - Hintonburg
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Tax: $6,440.2
Maintenance Fee: $0
Beds: 0
Baths: 2
Garage: 0
Fireplace: N
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Personal Pic Paulette Zander Sales Representatives pic pzander@rogers.com Remax Condos Plus Corp., Brokerage Independently owned and operated. pic 45 Harbour Square, Toronto, Ontario M5J 2G4 pic Cell: 416-456-7481 | Office: 416-203-6636 | Fax: 416-203-1908