257 Parkdale Avenue Ottawa, Ontario K1Y 1G1

$1,250,000

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:43934)

Property Details

MLS® Number	X12364454
Property Type	Retail
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	Other
Size Exterior	174 M2
Size Interior	1,873 Ft2
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)

https://www.realtor.ca/real-estate/28777059/257-parkdale-avenue-ottawa-4202-hintonburg