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Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Subdivision 4201 - Mechanicsville
MLS Listing ID X13043810
Annual Tax Amount $26,601
Tax Year 2025
Property Sub-Type Commercial Retail
Property Description
Opportunity knocks with this prime 10,828.48 sq.ft. parcel (outlined in RED) located approximately 500 metres from the Tunney's Pasture LRT Station. The property is currently improved with an income-generating parking lot and a separate specialty automotive repair/collision facility, offering both holding income and future redevelopment flexibility. A wide range of possibilities exist: maintain the current legal non-conforming commercial use, occupy as an owner-user, pursue a potential severance, redevelop part or all into a low-rise residential project, or assemble with neighbouring parcels to maximize density potential. For developers and investors seeking an assembly opportunity, the property may be combined (at an additional cost) with 143 Forward Avenue (duplex; PIN 040960062; 4,919 sq.ft.) and 144 Hinchey Avenue (duplex; PIN 040960073; 2,454.17 sq.ft.), with the potential to also incorporate a closed City of Ottawa parcel (PIN 040960270; 742.71 sq.ft.) and 148 Hinchey Avenue (duplex; PIN 040960074; 2,701.74 sq.ft.), for a total potential assembly of approximately 21,746.10 sq.ft (area outlined in YELLOW). Income/expense statements, rent roll, and supporting due diligence materials available upon execution of a signed NDA.
Location
State ON
County Ottawa
Area Ottawa
Zoning N4B
Interior
Cooling No
Exterior
Community Features Public Transit
Utilities Available Yes
Lot Frontage 50.21
Lot Depth 215.71
Building
Building Age 51-99
Others
Security Features No
ParcelsYN No
Listed by SUTTON GROUP - OTTAWA REALTY