140 HINCHEY AVENUE, Ottawa, Ontario, K1Y1L4
MLS: X13043810 | Retail
$1,975,000
Property Description
Opportunity knocks with this prime 10,828.48 sq.ft. parcel (outlined in RED) located approximately 500 metres from the Tunney's Pasture LRT Station. The property is currently improved with an income-generating parking lot and a separate specialty automotive repair/collision facility, offering both holding income and future redevelopment flexibility. A wide range of possibilities exist: maintain the current legal non-conforming commercial use, occupy as an owner-user, pursue a potential severance, redevelop part or all into a low-rise residential project, or assemble with neighbouring parcels to maximize density potential. For developers and investors seeking an assembly opportunity, the property may be combined (at an additional cost) with 143 Forward Avenue (duplex; PIN 040960062; 4,919 sq.ft.) and 144 Hinchey Avenue (duplex; PIN 040960073; 2,454.17 sq.ft.), with the potential to also incorporate a closed City of Ottawa parcel (PIN 040960270; 742.71 sq.ft.) and 148 Hinchey Avenue (duplex; PIN 040960074; 2,701.74 sq.ft.), for a total potential assembly of approximately 21,746.10 sq.ft (area outlined in YELLOW). Income/expense statements, rent roll, and supporting due diligence materials available upon execution of a signed NDA. (id:64974)
Quick Facts
- Property Type: Retail
- Bedrooms: None
- Bathrooms: None
- Living Area: 10,828 sq ft (1,006.0 m²)
- Frontage: 50 ft (15.3 m)
Costs
- Annual Taxes: $26,601.56
Listing Provided by: SUTTON GROUP - OTTAWA REALTY
Board: Ottawa Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Heating: Other
- Cooling: None
Exterior & Construction
- Water: Municipal water
Lot & Land
- Frontage: 50 ft (15.3 m)
- Zoning: N4B
Community & Neighbourhood
- Neighbourhood: 4201 - Mechanicsville
Listing Information
Listing History
MLS listing activity for 140 HINCHEY AVENUE, Ottawa, Ontario, K1Y1L4 — dates reflect when changes were recorded in the DDF
Location & Neighborhood
🚗 Travel times
Neighborhood Walkability
Mortgage & Cost Calculators
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140 HINCHEY AVENUE, Ottawa, Ontario, K1Y1L4