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140 Hinchey Avenue Ottawa, Ontario K1Y 1L4

10828 sqft
None Other

$2,195,000

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, income/expense statements, rent roll, and supporting due diligence materials available upon execution of a signed NDA. (id:59524)

Business

BusinessType Automobile
BusinessSubType Automotive

Property Details

MLS® Number X12813584
Property Type Retail
Neigbourhood Mechanicsville
Community Name 4201 - Mechanicsville
AmenitiesNearBy Public Transit

Building

Age 51 To 99 Years
CoolingType None
HeatingType Other
SizeInterior 10828 Sqft
UtilityWater Municipal Water

Land

Acreage No
LandAmenities Public Transit
SizeDepth 215 Ft ,8 In
SizeFrontage 50 Ft ,2 In
SizeIrregular 50.21 X 215.71 Ft
SizeTotalText 50.21 X 215.71 Ft
ZoningDescription R4ud

https://www.realtor.ca/real-estate/29390952/140-hinchey-avenue-ottawa-4201-mechanicsville

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