257 PARKDALE AVENUE, Ottawa, ON K1Y1G1
257 PARKDALE AVENUE, Ottawa, ON K1Y1G1
257 PARKDALE AVENUE, Ottawa, ON K1Y1G1
257 PARKDALE AVENUE, Ottawa, ON K1Y1G1
257 PARKDALE AVENUE, Ottawa, ON K1Y1G1
257 PARKDALE AVENUE, Ottawa, ON K1Y1G1
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Maha Shahbazian

Maha Shahbazian

+1(613) 862-6242
$ 985,000
Est. payment | /mo

3 Beds

3 Baths

1,500 SqFt

Save
$ 985,000
Est. payment | /mo
Save

3 Beds

3 Baths

1,500 SqFt

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500 - 2000

Square Footage 1,500 sqft

Price per Sqft $656

Subdivision 4202 - Hintonburg

MLS® Listing ID X12472481

Bedrooms 3

Half Baths 1

Property Sub-Type Freehold

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. (id:24570)

Location

State ON

Rooms

Kitchen 1.0

Extra Room 1 Second level 4.52 m X 3.65 m Kitchen

Extra Room 2 Second level 5.53 m X 3.61 m Bedroom

Extra Room 3 Second level 4.73 m X 3.85 m Bedroom

Extra Room 4 Second level 3.4 m X 2.71 m Bedroom

Extra Room 5 Second level 2.58 m X 1.14 m Bathroom

Extra Room 6 Second level 1.84 m X 1.58 m Bathroom

Interior

Heating Forced air

Cooling Window air conditioner

Exterior

Parking Features No

View Y/N No

Attached Garage No

Total Parking Spaces 6

Garage No

Private Pool No

Building

Story 2

Sewer Sanitary sewer

Others

Ownership Freehold

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Maha Shahbazian

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+1(613) 862-6242

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257 PARKDALE AVENUE