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Royal LePage
Royal LePage
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$985,000

3 Beds

3 Baths

1500 - 2000 FEETSQ

QuickQuoteTM: $969K - $1.2M

Ottawa ON, K1Y 1G1

MLS® # X12472481

Property Information:

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:27)

Building Features:

  • Style: Detached
  • Building Type: House
  • Air Conditioning: Yes
  • Basement Development: Unfinished
  • Basement Type: Partial
  • Construction Style - Attachment: Detached
  • Exterior Finish: Vinyl siding
  • Floor Space: 1500 - 2000 sqft
  • Foundation Type: Stone
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Window air conditioner
  • Appliances:

Property Features:

  • OwnershipType: Freehold
  • Property Type: Single Family
  • Bedrooms: 3
  • Bathrooms: 3
  • Half Bathrooms: 1
  • Amenities Nearby: Public Transit
  • Floor Space (approx): 1500 - 2000 Square Feet
  • Irregular: Yes
  • Lot Depth: 100 Feet
  • Lot Frontage: 33 Feet
  • Lot Size: 33 x 100 FT ; no
  • Zoning: TM13[2110]H(14.5)
  • Sewer: Sanitary sewer
  • Parking Type: No Garage
  • No. of Parking Spaces: 6

Rooms:

  • Kitchen 2nd Level 4.52 m x 3.65 m
  • Bedroom 2nd Level 5.53 m x 3.61 m
  • Bedroom 2nd Level 4.73 m x 3.85 m
  • Bedroom 2nd Level 3.40 m x 2.71 m
  • Bathroom 2nd Level 2.58 m x 1.14 m
  • Bathroom 2nd Level 1.84 m x 1.58 m
  • Other Ground Level 11.96 m x 5.53 m
  • Bathroom Ground Level 2.35 m x 1.83 m
  • Other Ground Level 2.88 m x 2.05 m
  • Other Ground Level 3.73 m x 2.20 m

Convert Measurement to:


Courtesy of: LPT REALTY, LPT REALTY, BROKERAGE

REALTOR.ca  

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Location of 257 PARKDALE AVENUE, Ottawa, Ontario, K1Y 1G1

Demographic Information of 257 PARKDALE AVENUE, Ottawa, Ontario, K1Y 1G1

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$137,750.86

Average Number of Children

1.54

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

10.35 %

High school certificate or equivalent

17.53 %

Apprenticeship trade certificate/diploma

1.93 %

College/non-university certificate

14.77 %

University certificate (below bachelor)

2.42 %

University Degree

53.0 %

Commuter

Travel To Work

By Car

49.57 %

By Public Transit

20.61 %

By Walking

17.58 %

By Bicycle

4.14 %

By Other Methods

8.11 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

70.42 %

Houses

29.58 %

Own Vs. Rent

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