Rare opportunity to secure a high-visibility mixed-use property on Parkdale Avenue in one of Ottawa's fastest-evolving corridors. This asset offers strong in-place income today with significant redevelopment potential under the upcoming CM1 zoning, allowing for increased density and flexible mid-rise, mixed-use, or multi-residential development.Currently configured as one commercial and one residential unit, the building was originally a triplex and can be converted back to three units to maximize rental income. The ground floor and basement are occupied by an established, high-traffic nail salon, providing stable commercial tenancy and consistent income. Business not included in the sale.The second floor features a spacious three-bedroom, two-bathroom apartment with potential to be reconfigured into additional units to further enhance cash flow.Positioned steps to Tunney's Pasture, LRT access, and minutes to downtown, this property benefits from strong pedestrian and vehicle exposure, making it ideal for investors, developers, or owner-users seeking both immediate revenue and long-term upside.Opportunities combining current income with future intensification in this location are increasingly limited. Vacant possession available on closing.
Address
257 Parkdale Avenue
List Price
$890,000
MLS® Status
Sold Conditional
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 Depth
100
Lot Size Units
Feet
Lot Width
33
Parcel Number
040940036
Occupant Type
Owner+Tenant
Cross Street
Parkdale Avenue and Scott Street
MLS® Number
X13057604
Listing Brokerage
LPT REALTY
Basement Area
Unfinished
Postal Code
K1Y 1G1
Posession Details
Property will be VACANT for closing
Parking Places (Total)
6
Tax Amount
$6,440.00
Tax Year
2025
Site Influences
Public Transit
Interior Features
Water Heater Owned
Property Features
Public Transit
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active Under Contract
Board Or Association
Ottawa Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air, Window Unit(s)
Construction Materials
Brick, Vinyl Siding
Direction Faces
East
Fireplace
No
Foundation Details
Stone
Garage
No
Garage Type
None
Kitchens Total
1
Kitchens Above Grade
1
Other Structures
None
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
LT 86, PL 88291 ; OTTAWA/NEPEAN
Waterfront
No
Sewer
Sewer
Rooms
| Floor | Type | Dimensions | Features |
|---|---|---|---|
| Kitchen | 4.52 x 3.65 | ||
| Second | Bedroom | 3.61 x 5.53 | |
| Second | Bedroom 2 | 4.73 x 3.85 | |
| Second | Bedroom 3 | 3.4 x 2.71 | |
| Second | Bathroom | 2.58 x 1.14 | |
| Second | Bathroom | 1.84 x 1.58 | |
| Ground | Other | 1.58 x 1.84 | |
| Ground | Other | 2.88 x 2.05 | |
| Ground | Other | 3.73 x 2.2 | |
| Ground | Bathroom | 2.35 x 1.83 |