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    For Sale - 257 Parkdale Avenue, West Centre Town, Ontario

    Est payment $4,730/mo
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    Views   1
    Time on Jump  162 day

    AI Summary *

    • Centrally located mixed-use property with strong holding income.
    • Opportunity for future redevelopment under new zoning for increased density.
    • Current setup includes a busy commercial unit and residential apartment.
    • Prime visibility and access to transit, enhancing foot traffic and appeal.
    • Vacant possession available in 2025 for strategic planning and investment.




    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.
    Listing IDX12472481
    Address257 Parkdale Avenue
    CityWest Centre Town, Ontario
    Price$985,000
    Bed / Bath3 / 3 Full
    Style2-Storey, Detached
    ConstructionBrick Veneer, Vinyl Siding
    Land Size3300
    TypeResidential
    StatusFor Sale

    Subtype DetachedIndoor Features None, Water HeaterAmenities Public TransitOwnership FreeholdBasement Partial Basement, UnfinishedFoundation StoneHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 6.00
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    Listing Agency:  LPT 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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    257 Parkdale Avenue
    West Centre Town , Ontario
    3 3 $985,000
    Get more info