257 Parkdale Avenue, Ottawa
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:1945)
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Property details for 257 Parkdale Avenue, Ottawa
- Type
- Residential
- Bedrooms
- 3
- Bathrooms
- 3
- Living Area
- 1,873 square feet
- Lot Size
- 33 x 100 FT
- Stories
- 2
- Basement
- Unfinished, N/A
- Parking
- No Garage
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning, Window air conditioner
- Exterior
- Brick, Vinyl siding
- Ownership
- Freehold
- Annual Taxes
- $6,440
Nearby Listings Stat
Estimated price and comparable properties near 257 Parkdale Avenue
Active Listings
16
Min Price
$789,000
Max Price
$2,195,000
Avg Price
$1,193,599
Days on Market
53
days
Sold Listings
3
Min Sold Price
$699,900
Max Sold Price
$2,799,999
Avg Sold Price
$1,509,933
Days until Sold
177
days
Price History
Listed
April 29, 2026
by LPT REALTY
Current Price
$890,000
-9.6% from last change
Type
Residential
For Sale
Price Changes
1
| Date | Price | Change |
|---|---|---|
| Current | $890,000 | $95,000 (-9.6%) |
| Apr 29, 2026 | $985,000 | Listed |
