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    For Sale - 140 Hinchey Avenue, West Centre Town, Ontario

    Est payment $10,540/mo
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    Time on Jump  40 day

    AI Summary *

    • Prime 10,828.48 sq.ft. parcel close to Tunney's Pasture LRT Station.
    • Currently generating income from a parking lot and automotive facility.
    • Multiple options for future redevelopment or maintaining current uses.
    • Potential to combine with neighboring properties for increased density.
    • Comprehensive development materials available upon request for serious inquiries.




    Opportunity knocks with this prime 10,828. 48 sq. Ft. Parcel (outlined in red) located approximately 500 metres from the tunney's pasture lrtstation. 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 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). Fotenn development options report, income/expense statements, rent roll, and supporting due diligence materials available upon execution of a signed nda.
    Listing IDX12813582
    Address140 Hinchey Avenue
    CityWest Centre Town, Ontario
    Price$2,195,000
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentHeating / Cooling Other

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    Listing Agency:  SUTTON GROUP - OTTAWA REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    140 Hinchey Avenue
    West Centre Town , Ontario
    $2,195,000
    Get more info