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. (id:25961)
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Rooms
| Level | Type | Dimensions |
|---|---|---|
| Kitchen | Second level | 4.52 m x 3.65 m |
| Bedroom | Second level | 5.53 m x 3.61 m |
| Bedroom | Second level | 4.73 m x 3.85 m |
| Bedroom | Second level | 3.4 m x 2.71 m |
| Bathroom | Second level | 2.58 m x 1.14 m |
| Bathroom | Second level | 1.84 m x 1.58 m |
| Other | Ground level | 11.96 m x 5.53 m |
| Bathroom | Ground level | 2.35 m x 1.83 m |
| Other | Ground level | 2.88 m x 2.05 m |
| Other | Ground level | 3.73 m x 2.2 m |
Details
- Amenities Nearby: Public Transit
- Ownership: Freehold
- Parking Spaces: 6
- Transaction: For sale
- Zoning Description: TM13[2110]H(14.5)
Building
- Appliances: Water Heater
- BasementType: Partial (Unfinished)
- Basement Development: Unfinished
- Bedrooms Main Level: 3
- Construction Style Attachment: Detached
- Cooling: Window air conditioner
- Exterior Finish: Brick Veneer, Vinyl siding
- Fireplace Present: False
- Foundation: Stone
- Bathrooms (Half): 1
- Bathrooms (Total): 3
- Heating: Forced air
- Heating Fuel: Natural gas
- Size Interior: 1500 - 2000 sqft
- Stories Total: 2
- Type: House
- Utility Water: Municipal water
Land
- Amenities: Public Transit
- Sewer: Sanitary sewer
- Size Frontage: 33 ft
- Size Irregular: 33 x 100 FT ; no
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 257 PARKDALE AVENUE in Ottawa Ontario. It was last modified on October 20th, 2025. Contact Biju George to schedule a viewing or to discover other Ottawa homes for sale.