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$985,000
Available - For Sale
Listing ID: X12472481
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
Occupancy by: Owner
Address: 257 Parkdale Aven , West Centre Town, K1Y 1G1, Ottawa
Directions/Cross Streets: Parkdale Avenue and Scott Street
Rooms: 5
Bedrooms: 3
Bedrooms +: 0
Washrooms: 3
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 6.00 2 Pc Bath
Room 9: Ground Other 9.45 6.72
Room 10: Ground Other 12.23 7.22
No. of Pieces Level
Washroom 1:  2 Ground
Washroom 2:  4 Second
Washroom 3:  4 Second
Washroom 4:  0
Washroom 5:  0
Washroom 6:  2 Ground
Washroom 7:  4 Second
Washroom 8:  4 Second
Washroom 9:  0
Washroom 10:  0
Washroom 11:  2 Ground
Washroom 12:  4 Second
Washroom 13:  4 Second
Washroom 14:  0
Washroom 15:  0
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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LPT REALTY

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


 
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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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