438 Parkdale Avenue, Tunneys Pasture and Ottawa West, ON K1Y 1H1
$6,000,000
438 Parkdale Avenue, Tunneys Pasture and Ottawa West, ON K1Y 1H1, Tunneys Pasture and Ottawa West, ON
2300.0 sqft
Presenting a rare and highly coveted urban infill development opportunity in the heart of one of Ottawa's most dynamic and rapidly evolving neighbourhoods. Located at 430, 438, and 444 Parkdale Avenue, this consolidated three-lot land assembly represents a premier canvas for forward-thinking developers and investors seeking to capitalize on Ottawa's intensifying urban core. Supported by a comprehensive Development Options Report prepared by Fotenn Planning + Design, this site offers a clear pathway for mid-rise residential redevelopment. Also available is the 8 Floor Concept Plan document also prepared by Fotenn. Situated just 120 metres from the vibrant Wellington Street West Transit Priority Corridor and strategically positioned along a major arterial route, this property perfectly aligns with the City of Ottawa's strategic vision for intensification and 15-minute neighbourhoods. With favorable Official Plan designations and draft future zoning that encourages increased density, this assembly is a secure and highly attractive addition to any visionary development portfolio. The site is within walking distance to the Heart Institute and the Civic Hospital. At a projected 8 floors this site would be an excellent location for a Seniors Residence or Apartment Complex. Note: Property Taxes were done using the City of Ottawa Tax Estimator.
Property Highlights
For Sale
MLS NO.
X12884478
Type
Commercial
Sub Type
Investment
Square Footage
2300.0 sqft
Complete Property Details
Property Type
Commercial
Sub Type
Investment
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
X12884478
Lot Width
45.01
Lot Size Units
SquareFeet
Garage Type
Single Detached
Cooling
Yes
Heat Type
Gas Forced Air Closed
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
438 Parkdale Avenue, Tunneys Pasture and Ottawa West, ON K1Y 1H1
City
Tunneys Pasture and Ottawa West
Neighbourhood
4303 - Ottawa West
County / Region
Ottawa
Province / State
ON
Postal Code
K1Y 1H1
Cross Street
Parkdale Ave and Wellington St
Directions
From the 417, take the Parkdale Exit. Turn left. Property will be on your left hand side
Country
CA
List Price
$6,000,000
Annual Taxes
$6,304
Tax Year
2025
Possession Type
Flexible
Possession Details
TBD
Listing Office
ROYAL LEPAGE TEAM REALTY
Board
Ottawa Real Estate Board
Original Entry
2026-03-15T02:48:45Z
Media Updated
2026-03-16T20:06:47Z
Photos Updated
2026-03-15T02:48:45Z
Last Modified
2026-03-18T15:00:19Z
System Modified
2026-03-18T15:00:19.970787Z
MLS Status
New
Ddfyn
Yes
Expiration Date
2026-05-29
Heat Type Multi
Gas Forced Air Closed
Hstapplication
Included In
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
040350186
Public Remarks
Presenting a rare and highly coveted urban infill development opportunity in the heart of one of Ottawa's most dynamic and rapidly evolving neighbourhoods. Located at 430, 438, and 444 Parkdale Avenue, this consolidated three-lot land assembly represents a premier canvas for forward-thinking developers and investors seeking to capitalize on Ottawa's intensifying urban core. Supported by a comprehensive Development Options Report prepared by Fotenn Planning + Design, this site offers a clear pathway for mid-rise residential redevelopment. Also available is the 8 Floor Concept Plan document also prepared by Fotenn. Situated just 120 metres from the vibrant Wellington Street West Transit Priority Corridor and strategically positioned along a major arterial route, this property perfectly aligns with the City of Ottawa's strategic vision for intensification and 15-minute neighbourhoods. With favorable Official Plan designations and draft future zoning that encourages increased density, this assembly is a secure and highly attractive addition to any visionary development portfolio. The site is within walking distance to the Heart Institute and the Civic Hospital. At a projected 8 floors this site would be an excellent location for a Seniors Residence or Apartment Complex. Note: Property Taxes were done using the City of Ottawa Tax Estimator.
