143 Forward & 140-144 Hinchey Avenue, West Centre Town, ON

$3,275,000

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About 143 Forward & 140-144 Hinchey Avenue

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.

Features of 143 Forward & 140-144 Hinchey Avenue

MLS® # X13830124
Price $3,275,000
Bathrooms 0.00
Acres 0.00
Type Residential Freehold
Sub-Type Vacant Land
Status Active

Community Information

Address 143 Forward & 140-144 Hinchey Avenue
Area Ottawa
Subdivision 4201 - Mechanicsville
City West Centre Town
Province ON
Postal Code K1Y 1K8

Amenities

Is Waterfront No
Waterfront None

Interior

Fireplace No

Listing Details

OfficeSUTTON GROUP - OTTAWA REALTY

Listing Map