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$985,000
Available - For Sale
Listing ID: X12472481
257 Parkdale Avenue , 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 $985,000
Taxes: $6440.00
Occupancy: Owner
Address: 257 Parkdale Avenue , West Centre Town, K1Y 1G1, Ottawa
Directions/Cross Streets: Parkdale Avenue and Scott Street
Rooms: 5
Bedrooms: 3
Bedrooms +: 0
Family Room: F
Basement: Partial Base, Unfinished
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1 Second Kitchen 14.83 11.97
Room 2 Second Bedroom 18.14 11.84
Room 3 Second Bedroom 15.51 12.63
Room 4 Second Bedroom 11.15 8.89
Room 5 Second Bathroom 8.46 3.74 4 Pc Bath
Room 6 Second Bathroom 6.04 5.18 4 Pc Bath
Room 7 Ground Other 39.23 18.14
Room 8 Ground Bathroom 7.71 6 2 Pc Bath
Room 9 Ground Other 9.45 6.72
Room 10 Ground Other 12.23 7.22
Washroom Type No. of Pieces Level
Washroom Type 1 2 Ground
Washroom Type 2 4 Second
Washroom Type 3 4 Second
Washroom Type 4 0
Washroom Type 5 0
Washroom Type 6 2 Ground
Washroom Type 7 4 Second
Washroom Type 8 4 Second
Washroom Type 9 0
Washroom Type 10 0
Washroom Type 11 2 Ground
Washroom Type 12 4 Second
Washroom Type 13 4 Second
Washroom Type 14 0
Washroom Type 15 0
Washroom Type 16 2 Ground
Washroom Type 17 4 Second
Washroom Type 18 4 Second
Washroom Type 19 0
Washroom Type 20 0
Washroom Type 21 2 Ground
Washroom Type 22 4 Second
Washroom Type 23 4 Second
Washroom Type 24 0
Washroom Type 25 0
Washroom Type 26 2 Ground
Washroom Type 27 4 Second
Washroom Type 28 4 Second
Washroom Type 29 0
Washroom Type 30 0
Washroom Type 31 2 Ground
Washroom Type 32 4 Second
Washroom Type 33 4 Second
Washroom Type 34 0
Washroom Type 35 0
Washroom Type 36 2 Ground
Washroom Type 37 4 Second
Washroom Type 38 4 Second
Washroom Type 39 0
Washroom Type 40 0
Washroom Type 41 2 Ground
Washroom Type 42 4 Second
Washroom Type 43 4 Second
Washroom Type 44 0
Washroom Type 45 0
Washroom Type 46 2 Ground
Washroom Type 47 4 Second
Washroom Type 48 4 Second
Washroom Type 49 0
Washroom Type 50 0
Washroom Type 51 2 Ground
Washroom Type 52 4 Second
Washroom Type 53 4 Second
Washroom Type 54 0
Washroom Type 55 0
Washroom Type 56 2 Ground
Washroom Type 57 4 Second
Washroom Type 58 4 Second
Washroom Type 59 0
Washroom Type 60 0
Washroom Type 61 2 Ground
Washroom Type 62 4 Second
Washroom Type 63 4 Second
Washroom Type 64 0
Washroom Type 65 0
Washroom Type 66 2 Ground
Washroom Type 67 4 Second
Washroom Type 68 4 Second
Washroom Type 69 0
Washroom Type 70 0
Washroom Type 71 2 Ground
Washroom Type 72 4 Second
Washroom Type 73 4 Second
Washroom Type 74 0
Washroom Type 75 0
Total Area: 0.00
Property Type: Detached
Style: 2-Storey
Exterior: Brick Veneer, Vinyl Siding
Garage Type: None
Drive Parking Spaces: 0
Pool: None
Approximatly Square Footage: 1500-2000
Property Features: Public Trans
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: Window Unit
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

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%
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This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
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At a Glance:
Type: Freehold - Detached
Area: Ottawa
Municipality: West Centre Town
Neighbourhood: 4202 - Hintonburg
Style: 2-Storey
Lot Size: x 100.00(Feet)
Approximate Age:
Tax: $6,440
Maintenance Fee: $0
Beds: 3
Baths: 3
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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