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.
Address
257 Parkdale Avenue
List Price
$1,250,000
MLS® Status
New
Expiration Date
2026-02-28
Property Type
Commercial
Type of Dwelling
Store W Apt/Office
Transaction Type
For Sale
Area
West Centre Town
Sub-Area
4202 - Hintonburg
Region
Ottawa
Bathrooms
2
Lot Size Source
MPAC
Lot Depth
100
Lot Shape
Rectangular
Lot Type
Building
Lot Irregularities
no
Lot Size Units
Feet
Lot Width
33
Parcel Number
040940036
Total Building Area
174
Occupant Type
Tenant
Cross Street
Parkdale Avenue and Scott Street
MLS® Number
X12364454
Listing Brokerage
LPT REALTY
Basement
Yes
Postal Code
K1Y 1G1
Tax Amount
$6,440.20
Tax Year
2025
Community Features
Major Highway, Public Transit
Standard Status
Active
Board Or Association
Ottawa Real Estate Board
Heat Type
Gas Forced Air Open
Cooling Features
Partial
Garage Type
None
Security Features
No
Sewer
Sanitary+Storm