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140 HINCHEY AVENUE, Ottawa, Ontario, K1Y 1L4

MLS® # X12813584
new listing
Commercial For Sale In Hintonburg - Mechanicsville, Ottawa, Ontario
$2,195,000

None Beds

140 Hinchey Avenue, Ottawa, ON
140 Hinchey Avenue, Ottawa, ON
140 Hinchey Avenue, Ottawa, ON
140 Hinchey Avenue, Ottawa, ON
140 Hinchey Avenue, Ottawa, ON
140 Hinchey Avenue, Ottawa, ON
140 Hinchey Avenue, Ottawa, ON
140 Hinchey Avenue, Ottawa, ON
140 Hinchey Avenue, Ottawa, ON
140 Hinchey Avenue, Ottawa, ON
140 Hinchey Avenue, Ottawa, ON
140 Hinchey Avenue, Ottawa, ON
140 Hinchey Avenue, Ottawa, ON
140 Hinchey Avenue, Ottawa, ON
140 Hinchey Avenue, Ottawa, ON
140 Hinchey Avenue, Ottawa, ON
140 Hinchey Avenue, Ottawa, ON
140 Hinchey Avenue, Ottawa, ON
  • Advertising
140 HINCHEY AVENUE, Ottawa, Ontario, K1Y 1L4
$2,195,000

Property Information:

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:27)

Building Features:

  • Style: Retail
  • Floor Space: 10828 sqft
  • Heating Type: Other
  • Cooling Type: None

Property Features:

  • Property Type: Retail
  • Amenities Nearby: Public Transit
  • Floor Space (approx): 10828 Square Feet
  • Irregular: Yes
  • Lot Depth: 215.7 Feet
  • Lot Frontage: 50.2 Feet
  • Lot Size: 50.21 x 215.71 FT
  • Zoning: R4UD

Courtesy of: SUTTON GROUP - OTTAWA REALTY

REALTOR.ca  

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Market Price Trends

Single family detached

6.13%

Price change (1 year)

18.87%

Price change (5 years)

All Properties

5.74%

Price change (1 year)

19.13%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 140 HINCHEY AVENUE, Ottawa, Ontario, K1Y 1L4

Demographic Information of 140 HINCHEY AVENUE, Ottawa, Ontario, K1Y 1L4

Life Stage

Young Singles

Employment Type

Service Sector

Average Household Income

$144,342.78

Average Number of Children

1.47

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

8.53 %

High school certificate or equivalent

17.0 %

Apprenticeship trade certificate/diploma

2.42 %

College/non-university certificate

16.44 %

University certificate (below bachelor)

2.82 %

University Degree

52.8 %

Commuter

Travel To Work

By Car

49.23 %

By Public Transit

30.93 %

By Walking

8.45 %

By Bicycle

6.39 %

By Other Methods

5.0 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

79.91 %

Houses

20.09 %

Own Vs. Rent

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