Name: 257 PARKDALE AVENUE, Ottawa | MLS® X12364454
SKU: x12364454
Price: 1250000.0 CAD
Availability: InStock

$1,250,000 Sale

Listed 13 hours ago

257 PARKDALE AVENUE

MLS® x12364454 Residential Commercial Mix

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Beds · 0

Baths · 2.0

Parking · 0

Sqft · 1873

Est. mortgage

$5,278/mo

Key Facts

Key facts for 257 PARKDALE AVENUE

Property Type

Commercial, Residential Commercial Mix

Parking

Garage: No, 0 parking

MLS #

X12364454

Size

1873 sqft

Basement

Listed on

Lot size

Tax

Days on Market

Year Built

Maintenance Fee

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 Ott...awa'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:10452)

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Full Property Details

Interior

Washrooms

2.0

Square Footage

1873 sqft

Heating Source

Natural gas

Heating Type

Other

Air Conditioning

Partially air conditioned

Full Bathrooms

Half Bathrooms

Washrooms

2.0

Square Footage

1873 sqft

Heating Source

Natural gas

Heating Type

Other

Air Conditioning

Partially air conditioned

Full Bathrooms

Half Bathrooms

Exterior

Acreage

Bldg=33 x 100 FT ; no

Parking Spaces

Garage Spaces Y/N

Zoning Description

TM13[2110]H(14.5)

Land Amenities

Highway, Public Transit

Acreage

Bldg=33 x 100 FT ; no

Parking Spaces

Garage Spaces Y/N

Zoning Description

TM13[2110]H(14.5)

Land Amenities

Highway, Public Transit

Building Description

Style

Residential Commercial Mix

Home Type

Commercial

Subtype

Residential Commercial Mix

Water Supply

Municipal water

Style

Residential Commercial Mix

Home Type

Commercial

Subtype

Residential Commercial Mix

Water Supply

Municipal water

Community

4202 - Hintonburg

Area Code

Ottawa

Community

4202 - Hintonburg

Area Code

Ottawa

Alexandre Seguin

Email: [email protected] Cell: 613-362-2767