Michael Tzakas
Sales Representative
RE/MAX Hallmark Realty Ltd, Brokerage
Independently owned and operated.
685 Sheppard Ave East, Richmond Hill, Ontario M2K 1B6
Cell: 416-561-3911Office: 416-494-7653
$2,195,000
Available - For Sale
Listing ID: X12813580
140 Hinchey Avenue , West Centre Town, K1Y 1L4, Ottawa
| 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 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). FOTENN Development Options Report, financial statements, rent roll, and supporting due diligence materials available upon execution of a signed NDA. |
| Price | $2,195,000 |
| Taxes: | $29601.56 |
| Tax Type: | Annual |
| Assessment Year: | 2025 |
| Occupancy: | Partial |
| Address: | 140 Hinchey Avenue , West Centre Town, K1Y 1L4, Ottawa |
| Postal Code: | K1Y 1L4 |
| Province/State: | Ottawa |
| Legal Description: | LT 4, PL 35 , E FORWARD AV ; LT 4, PL 35 |
| Directions/Cross Streets: | Parkdale and Scott |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Designated |
| Use: | Other |
| Total Area: | 10828.48 |
| Total Area Code: | Square Feet |
| Washrooms: | 0 |
| Sewers: | Sanitary+Storm |
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| SUTTON GROUP - OTTAWA REALTY |
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|
Michael Tzakas
Sales Representative
Dir:
416-561-3911
Bus:
416-494-7653
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Land |
| Area: | Ottawa |
| Municipality: | West Centre Town |
| Neighbourhood: | 4201 - Mechanicsville |
| Tax: | $29,601.56 |
| Fireplace: | N |
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