$1,250,000
Available - For Sale
Listing ID: X12364454
257 Parkdale Aven , West Centre Town, K1Y 1G1, Ottawa
| 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 | $1,250,000 |
| Taxes: | $6440.20 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 257 Parkdale Aven , West Centre Town, K1Y 1G1, Ottawa |
| Postal Code: | K1Y 1G1 |
| Province/State: | Ottawa |
| Directions/Cross Streets: | Parkdale Avenue and Scott Street |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 0 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 |
| Category: | Store With Apt/Office |
| Building Percentage: | T |
| Total Area: | 174.00 |
| 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 |
| Sprinklers: | No |
| Washrooms: | 2 |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Partial |
| Sewers: | Sanitary+Storm |
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At a Glance:
| Type: | Com - Store W Apt/Office |
| Area: | Ottawa |
| Municipality: | West Centre Town |
| Neighbourhood: | 4202 - Hintonburg |
| Tax: | $6,440.2 |
| Baths: | 2 |
| Fireplace: | N |
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