For Sale: 257 Parkdale Avenue, Ottawa, ON - REW
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$890,000
3 bd • 3 ba • 1500 - 1999 sf • House
257 Parkdale Avenue
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$890,000
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257 Parkdale AvenueOttawa, ON, K1Y 1G1

Hintonburg - Mechanicsville
  • 3 Bed
  • 3 Bath
  • 1500 - 1999 Sqft
  • House

About this home

Rare opportunity to secure a high-visibility mixed-use property on Parkdale Avenue in one of Ottawa's fastest-evolving corridors. This asset offers strong in-place income today with significant redevelopment potential under the upcoming CM1 zoning, allowing for increased density and flexible mid-rise, mixed-use, or multi-residential development.Currently configured as one commercial and one residential unit, the building was originally a triplex and can be converted back to three units to maximize rental income. The ground floor and basement are occupied by an established, high-traffic nail salon, providing stable commercial tenancy and consistent income. Business not included in the sale.The second floor features a spacious three-bedroom, two-bathroom apartment with potential to be reconfigured into additional units to further enhance cash flow.Positioned steps to Tunney's Pasture, LRT access, and minutes to downtown, this property benefits from strong pedestrian and vehicle exposure, making it ideal for investors, developers, or owner-users seeking both immediate revenue and long-term upside.Opportunities combining current income with future intensification in this location are increasingly limited. Vacant possession available on closing. (id:63626)
Listed by: Gigi Lovas, Salesperson, LPT REALTY

Home facts and features

Price details
List Price
$890,000
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Gross Taxes for 2026
$6,440
Home facts
Bedrooms
3
Full Bathrooms
2
Partial Bathrooms
1
Parking Spaces
6
Parking Details
No Garage
Property Type
House
Depth
100 feet
Frontage
33.0 feet
Title
Freehold
Exterior Finish
Brick, Vinyl siding
Heating Type
Forced air, Natural gas
Cooling
Central air conditioning, Window air conditioner
Basement Details
Unfinished,
Appliances
Water Heater
Community
Agent details
Primary Agent
Gigi Lovas
Primary Broker
LPT REALTY
Listing details
Days on REW
45 Days
Property Views
57
MLS® Number
X13057604
Source
Canadian Real Estate Association
Board
Ottawa Real Estate Board
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25 Years
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Property Insights

É Élém C Saint-François-d'Assise
  • Catholic
  • JK - 6
Connaught Public School
  • Public
  • JK - 6
Devonshire Community Public School
  • Public
  • JK - 6
Fisher Park/Summit AS Public School
  • Public
  • 7 - 8
Elmdale Public School
  • Public
  • JK - 6
St George Elementary School
  • Catholic
  • JK - 6
Hilson Avenue Public School
  • Public
  • JK - 6
St Anthony Elementary School
  • Catholic
  • JK - 6
Cambridge Street Community Public School
  • Public
  • JK - 6
Centennial Public School
  • Public
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
Gigi Lovas
Phone:
(613) 435-1191
Office:
877-366-2213
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This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.