140 Hinchey AVE, West Centre Town, ON K1Y 1L4
140 Hinchey AVE, West Centre Town, ON K1Y 1L4
140 Hinchey AVE, West Centre Town, ON K1Y 1L4
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Christine Domina

Christine Domina

Real Estate Smarts - Christine Domina

+1(416) 873-4747
$1,975,000
Est. payment /mo
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UPDATED:

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Subdivision 4201 - Mechanicsville

MLS Listing ID X13043816

Annual Tax Amount $29,601

Tax Year 2025

Property Sub-Type Investment

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.

Location

Province ON

County Ottawa

Area Ottawa

Interior

Cooling No

Exterior

Utilities Available Yes

Lot Frontage 50.21

Lot Depth 217.71

Others

ParcelsYN No

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Listed by SUTTON GROUP - OTTAWA REALTY

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Christine Domina

Christine Domina

+1(416) 873-4747

Realtor | License ID: 9603994

Realtor License ID: 9603994

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