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.

Features & finishes

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Air Conditioning

Basement

Property details

MLS® Number	X13057604
Status	Active
Listing Type	For Sale
Property Type	Single Family Home
Interior Size	1,500 sq ft
Beds / Baths	3 bed · 3 bath
Neighbourhood	4202 - Hintonburg
City	West Centre Town
Postal Code	K1Y 1G1
Province	ON
Listed Date	April 29, 2026
Days on Market	99
Price per Sq Ft	$593
Brokerage	LPT REALTY