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
$985,000
MLS® Status
New
Expiration Date
2026-02-28
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
2-Storey
Transaction Type
Sale
Area
West Centre Town
Sub-Area
4202 - Hintonburg
Region
Ottawa
Bedrooms
3
Bedrooms (Total)
3
Rooms Above Grade
5
Bathrooms
3
Floor Area
1500-2000 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
100
Lot Shape
Rectangular
Lot Irregularities
no
Lot Size Units
Feet
Lot Width
33
Parcel Number
040940036
Parcel of Tied Land
No
Occupant Type
Owner
Cross Street
Parkdale Avenue and Scott Street
MLS® Number
X12472481
Listing Brokerage
LPT REALTY
Basement Area
Partial Basement, Unfinished
Postal Code
K1Y 1G1
Parking Places (Total)
6
Tax Amount
$6,440.00
Tax Year
2025
Site Influences
Public Transit
Interior Features
None, Water Heater
Property Features
Public Transit
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Senior Community
No
Board Or Association
Ottawa Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Window Unit(s)
Construction Materials
Brick Veneer, Vinyl Siding
Direction Faces
East
Fireplace
No
Foundation Details
Stone
Garage
No
Garage Type
None
Kitchens Total
1
Kitchens Above Grade
1
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
LT 86, PL 88291 ; OTTAWA/NEPEAN
Security Features
None
Waterfront
No
Sewer
Sewer