257 Parkdale Avenue, West Centre Town, ON K1Y 1G1
West Centre Town
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.
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 257 Parkdale Avenue, West Centre Town, ON K1Y 1G1
Provided by Walk Score®. Walk Score, Transit Score, and Bike Score are trademarks of Walk Score.
MLS# X12472481
Listed by LPT REALTY
On market since Oct 20, 2025
257 Parkdale Avenue, West Centre Town, ON K1Y 1G1 is listed for $985,000 CAD.
257 Parkdale Avenue, West Centre Town, ON K1Y 1G1 has 3 bedrooms and 3 bathrooms.
257 Parkdale Avenue, West Centre Town, ON K1Y 1G1 is a Detached.
257 Parkdale Avenue, West Centre Town, ON K1Y 1G1 is in West Centre Town, Ontario.
257 Parkdale Avenue, West Centre Town, ON K1Y 1G1 is currently for sale.
The annual property taxes on 257 Parkdale Avenue, West Centre Town, ON K1Y 1G1 are approximately $6,440 CAD.
Contact Avi Hayev at +16471112222 to arrange a private showing of 257 Parkdale Avenue, West Centre Town, ON K1Y 1G1 (MLS# X12472481). You can also send a message through the contact form on this site.
