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. (id:25961)
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Rooms
| Level | Type | Dimensions |
|---|---|---|
| Bedroom | Second level | 3.61 m x 5.53 m |
| Bedroom 2 | Second level | 4.73 m x 3.85 m |
| Bedroom 3 | 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 |
| Kitchen | Other | 4.52 m x 3.65 m |
| Other | Ground level | 1.58 m x 1.84 m |
| Other | Ground level | 2.88 m x 2.05 m |
| Other | Ground level | 3.73 m x 2.2 m |
| Bathroom | Ground level | 2.35 m x 1.83 m |
Details
- Amenities Nearby: Public Transit
- Equipment: None
- Ownership: Freehold
- Parking Spaces: 6
- Rental Equipment: None
- Transaction: For sale
Building
- Appliances: Water Heater
- BasementType: N/A (Unfinished)
- Basement Development: Unfinished
- Bedrooms Main Level: 3
- Construction Style Attachment: Detached
- Cooling: Central air conditioning, Window air conditioner
- Exterior Finish: Brick, 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
Listing provided by LPT REALTY
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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 April 29th, 2026. Contact Jeremy Hussey to schedule a viewing or to discover other Ottawa homes for sale.