257 Parkdale Avenue
4202 - Hintonburg, West Centre Town, K1Y 1G1
FOR SALE
$890,000
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3
BEDROOMS 3
BATHROOMS 1
KITCHENS 5
ROOMS X13057604
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Property Description
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.
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Property Features
Public Transit, Water Heater Owned
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Property Details
Address
257 Parkdale Avenue
Community
City
Postal Code
K1Y 1G1
Property Type
Detached, Detached
Days On Market
49
Lot Size
33' x 100'
Taxes
$6,440 (2025
Basement
Unfinished
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Garage Type
None
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Listing contracted with Lpt Realty
Set on a quiet street within walking distance of Dow's Lake, Little Italy, Chinatown and Centretown, this cozy detached home offers the low-maintenance lifestyle you've been looking for with no attached neighbours! Walk to your favourite coffee shop along Preston or Somerset, meet friends for dinner, or simply enjoy having some of Ottawa's most vibrant communities right outside your door. The home welcomes you with a mature front garden with flowering perennials, an elevated front porch that's perfect for your morning coffee and features a vintage iron railing, and the convenience of a private driveway with parking for two cars. Inside, the layout is surprisingly versatile. The main floor offers a combined living and dining area along with a spacious eat-in kitchen with room for a proper table; the kind of gathering space you'd expect in Little Italy, whether you're hosting friends for pizza night or simply enjoying a slow Sunday morning. A separate family room adds valuable living space and can easily double as a guest room, with direct access to the private side yard. Upstairs, a dedicated office makes working from home easy, while two comfortable bedrooms provide just the right amount of space for first-time buyers, young professionals, or anyone looking for a home that can adapt as life changes. Outside, the low-maintenance and fully fenced yard is designed for enjoying rather than maintaining, with raised garden beds, space for outdoor dining, and secure storage for bikes after a ride along nearby pathways. With charming curb appeal, flexible living spaces and one of Ottawa's most walkable neighbourhoods at your doorstep, this is the kind of home that lets you spend less time commuting and more time enjoying everything the city has to offer. Updates include furnace 2024/backyard landscaping 2019/rear roof 2021/ front roof 2010 by Sanderson (25 years)/windows 2015. Monthly Utilities in 2025: Water $103, Hydro $114, Gas $111.
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