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$ 985,000
Est. payment | /mo
3 Beds
3 Baths
$ 985,000
Est. payment | /mo
3 Beds
3 Baths
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active Under Contract
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision 4202 - Hintonburg
MLS Listing ID X12472481
Style 2-Storey
Bedrooms 3
Annual Tax Amount $6,440
Tax Year 2025
Property Sub-Type Detached
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.
Location
Province ON
County Ottawa
Area Ottawa
Zoning TM13[2110]H(14.5)
Rooms
Basement Partial Basement, Unfinished
Kitchen 1
Interior
Interior Features None, Water Heater
Cooling Window Unit(s)
Exterior
Parking Features None
Pool None
Roof Type Asphalt Shingle
Total Parking Spaces 6
Building
Foundation Stone
Others
ParcelsYN No
Lited by LPT REALTY
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