$985,000
3 bd • 3 ba • 1500 sf • House
257 Parkdale Avenue
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$985,000
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257 Parkdale AvenueOttawa, ON, K1Y 1G1

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

About this home

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:32586)
Listed by: Gigi Lovas, Salesperson, LPT REALTY

Home facts and features

Price details
List Price
$985,000
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Home facts
Bedrooms
3
Full Bathrooms
2
Partial Bathrooms
1
Property Type
House
Lot Size
33 ft x 100 ft (3300 ft²)
Depth
100 ft
Frontage
33 ft
Title
Freehold
Exterior Finish
Brick Veneer, Vinyl siding
Heating Type
Forced air
Community
Agent details
Primary Agent
Gigi Lovas
Primary Broker
LPT REALTY
Secondary Agent
Jim Mattice
Secondary Broker
LPT REALTY
Listing details
Days on REW
3 Days
MLS® Number
X12472481
Source
Canadian Real Estate Association
Board
Ottawa Real Estate Board

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Purchase Price
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Amortization
25 Years
Interest Rate
4.09%

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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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Listing data was last updated on 2025-10-23.
Call Agent
Salesperson
Gigi Lovas
Phone:
(613) 435-1191
Office:
(877) 366-2213
Salesperson
Jim Mattice
Phone:
(613) 581-7469
Office:
(877) 366-2213
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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.