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$1,975,000
Available - For Sale
Listing ID: X13043810
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. SELLER WILL CONSIDER PROVIDING A VTB.
Price $1,975,000
Taxes: $26,601.56
Tax Type: Annual
Occupancy by: Partial
Address: 140 Hinchey Avenue , West Centre Town, K1Y 1L4, Ottawa
Postal Code: K1Y 1L4
Province/State: Ottawa
Directions/Cross Streets: Parkdale and Scott
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Category: Service
Use: Automotive Related
Building Percentage: T
Total Area: 10,828.48
Total Area Code:  Square Feet
Retail Area Code: Sq Ft
Area Influences: Public Transit  
Approximatly Age: 51-99
Maintenance: 0
Sprinklers: No
Heat Type: Other
Central Air Conditioning: No
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SUTTON GROUP - OTTAWA REALTY

140 Hinchey Avenue , West Centre Town, K1Y 1L4, Ottawa

Personal Picture
Paulette Zander
Sales Representatives
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416-456-7481
Bus:
416-203-6636
Fax:
416-203-1908

 
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At a Glance:
Type: Com - Commercial Retail
Area: Ottawa
Municipality: West Centre Town
Neighbourhood: 4201 - Mechanicsville
Style:
Lot Size: x 215.71(Feet)
Approximate Age: 51-99
Tax: $26,601.56
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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Personal Pic Paulette Zander Sales Representatives pic pzander@rogers.com Remax Condos Plus Corp., Brokerage Independently owned and operated. pic 45 Harbour Square, Toronto, Ontario M5J 2G4 pic Cell: 416-456-7481 | Office: 416-203-6636 | Fax: 416-203-1908