257 Parkdale AVE new Save Request In-Person Tour Request Virtual Tour
West Centre Town,ON K1Y 1G1
Key Details
Property Type Commercial
Sub Type Store W Apt/Office
Listing Status Active
Purchase Type For Sale
Square Footage 174 sqft
Price per Sqft $7,183
Subdivision 4202 - Hintonburg
MLS Listing ID X12364454
Annual Tax Amount $6,440
Tax Year 2025
Property Sub-Type Store W Apt/Office
Property 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.
Location
Province ON
County Ottawa
Community 4202 - Hintonburg
Area Ottawa
Zoning TM13[2110]H(14.5)
Interior
Cooling Partial
Exterior
Parking Features None
Community Features Major Highway,Public Transit
Utilities Available Yes
Building
Lot Description Building