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Mechanicsville, Ottawa, Ontario K1Y 1K8
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.
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 Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| N/A | N/A | $3,275,000 | N/A | For Sale | X13830124 |
Estimated value requires sign in
AI market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
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Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
Monthly Payment
$15,013
Total monthly payment
$18,469
Break-even down payment
100%
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$3,275,000
$3,275,000
CAD
Estimated market value
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