CAONOttawa257 Parkdale Ave
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257 Parkdale Ave, Ottawa, ON

House

Other

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330

MLS® X12472481

  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size -
Garage No
Taxes $6,440
Days Active 85
Lot Size 
Approx. Age 
MLS® Number X12472481

Property Address: 257 Parkdale Ave, Ottawa, ON, K1Y1G1

Average square foot calculated using Size range provided by listing agent.

Description

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.Show Description
MLS® NumberX12472481
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age
BasementPartial Basement, Unfinished
DrivewayGarage Type:None
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Rooms

Show Details
Other:18.15 × 39.24 ft

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Price History

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Home Appraisal

This property is estimated to sell between: $892,000 and $1,032,000.
Similar properties in this area sold on average for: $892,589
Expected to sell very soon! Similar properties sold in 20 days. This home has been on eXp Realty for 85 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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257 Parkdale Ave, Ottawa, ON

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