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$890,000

Active
257 Parkdale Avenue, Ottawa, ON· Hintonburg
3
Bedrooms
3
Bathrooms
1500-2000
Sq Ft
$445–$593
Per Sq Ft
6
None Parking

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About this Property

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.

Listed by LPT REALTY · MLS# X13057604

About Hintonburg

Arts & Culture · Avg $700K

Hintonburg is Ottawa's most creatively charged neighbourhood, a rapidly evolving community where artist studios, craft breweries, and independent businesses share space with heritage workers' cottages and modern condo developments. Located just east of Westboro along Wellington Street West, Hintonburg has undergone a remarkable transformation over the past decade, evolving from an underrated working-class neighbourhood into one of the city's most exciting places to live, eat, and create.

Avg Home Price$700K
Walk Score85
Galleries & Studios20+
LRT to Downtown8 min
View Full Hintonburg Guide

Features & Details

Property details of 257 Parkdale Avenue, Ottawa, ON

Property TypeDetached
Style2-Storey
Size1500-2000 sq ft
BasementUnfinished
Total Parking6

Mortgage Calculator

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%
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Mortgage Payment$4,372/monthly
Principal54%
Interest46%
Principal Amount$712,000
Interest$599,691
Total Payable$1,311,691
Amortization25 years

* Estimate only. Consult a mortgage broker for accurate figures.

Cash Flow Analysis

Mortgage payment$4,372
Mortgage + Expenses$4,372
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$
$
$
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Monthly Cash Flow-$4,372

* Estimate only. Consult a mortgage broker for accurate figures.

5.0 · 70+ Google reviews
Akash Sharma

Akash Sharma

REALTOR® · Ali Realty Group Inc.

Ottawa's trusted real estate partner with 170+ successful transactions and $30M+ in sales.

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