Mirna Botros
613-600-2626257 Parkdale Avenue - $985,000
257 Parkdale Avenue - $985,000
257 Parkdale Avenue
$985,000
4202 - Hintonburg
Ottawa, OntarioK1Y1G1
3 beds
3 baths
6 parking
MLS#: X12472481Listed: 29 days agoUpdated:22 days ago
Description
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:58075)Details
Details for 257 Parkdale Avenue, Ottawa, Ontario- Property Type
- Single Family
- Building Type
- House
- Storeys
- 2
- Neighborhood
- 4202 - Hintonburg
- Land Size
- 33 x 100 FT ; no
- Year Built
- -
- Annual Property Taxes
- $6,440
- Parking Type
- No Garage
Inside
- Appliances
- Water Heater
- Rooms
- 10
- Bedrooms
- 3
- Bathrooms
- 3
- Fireplace
- -
- Fireplace Total
- -
- Basement
- Unfinished, Partial
Building
- Architecture Style
- -
- Direction
- Cross Streets: Parkdale Avenue and Scott Street. ** Directions: Highway 417 to Parkdale Ave. Exit 122. Turn left onto Parkdale. Property next to convenience store right before Scott Street.
- Type of Dwelling
- house
- Roof
- -
- Exterior
- Vinyl siding, Brick Veneer
- Foundation
- Stone
- Flooring
- -
Land
- Sewer
- Sanitary sewer
- Lot Size
- 33 x 100 FT ; no
- Zoning
- -
- Zoning Description
- TM13[2110]H(14.5)
Parking
- Features
- No Garage
- Total Parking
- 6
Utilities
- Cooling
- Window air conditioner
- Heating
- Forced air, Natural gas
- Water
- Municipal water
Feature Highlights
- Community
- -
- Lot Features
- -
- Security
- -
- Pool
- -
- Waterfront
- -
Rooms
Rooms for 257 Parkdale Avenue, Ottawa, OntarioMap
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