143 Forward & 140-144 Hinchey Ave

Mechanicsville, Ottawa, Ontario K1Y 1K8

For Sale · MLS® X13830124 · TRREB MLS®
Vacant Land
Type

Description

Transit-oriented development opportunity near Tunney's Pasture. Offered as a three-parcel assembly totalling approximately 18,705 sf spanning the entire block between Forward Ave and Hinchey Ave, strategically located within a Major Transit Station Area between two LRT stations. The assembly consists of 143 Forward Avenue (PIN 040960062), 140 Hinchey Avenue (PIN 040960061) and 144 Hinchey Avenue (PIN 040960073). Zoned N4B, the assembled site offers as-of-right redevelopment potential, with opportunity to pursue additional density through rezoning/planning approvals. Existing improvements include two duplexes, an income-generating parking lot and specialty automotive repair/collision facility, providing holding income while redevelopment plans are advanced. A compelling opportunity to acquire an assembled development parcel in an established, rapidly evolving neighbourhood with exceptional access to rapid transit. Phase II Environmental Site Assessment completed, with all groundwater samples analyzed complying with applicable MECP standards. Brownfield redevelopment incentives may be available, subject to applicable City programs and approvals. Rent roll, income/expense information, environmental summary reports and additional due diligence materials available upon execution of a signed NDA.

01 / Property recordListing details

Key Facts

MLS® #
X13830124
Board
TRREB MLS®
Days on market
Tax
$41,470
Lot
100.52 × 215.71 Feet

Listing History

Buy/Sell history for 143 Forward & 140-144 Hinchey Ave, Ottawa, Ontario

Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.

Date StartDate EndList PricePriceEventListing ID
N/AN/A$3,275,000N/AFor SaleX13830124

Estimated Market Value

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AI market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.

Property Details

Property

Property Type
Vacant Land
Style
Other
Community
Mechanicsville
Municipality
Ottawa

Land

Lot Size
100.52 × 215.71 Feet
Lot Size Code
Feet

Rooms (12)

Room 1

Level not provided

Room 2

Level not provided

Room 3

Level not provided

Room 4

Level not provided

Room 5

Level not provided

Room 6

Level not provided

Room 7

Level not provided

Room 8

Level not provided

Room 9

Level not provided

Room 10

Level not provided

Room 11

Level not provided

Room 12

Level not provided

Location

Comparable Sales

Comparable sales require sign in

Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.

02 / Plan your numbersTools

Mortgage Tools

Mortgage calculator

20%

Monthly Payment

$15,013

  • Down payment$655,000
  • Mortgage amount$2,620,000
  • Total interest$1,883,900
  • Total cost$5,158,900

Cash flow analysis

$15,013

Total monthly payment

$18,469

Break-even down payment

100%

Cash flow-$18,469
03 / Community profileNeighbourhood demographics

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04 / Local performanceMarket details

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$3,275,000

$3,275,000

CAD

Estimated market value

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