140 Hinchey Av - Auto Repair FOR SALE


Ottawa, ON K1Y 1L4- Westboro
$2,195,000 CAD
855-613-2845
140 Hinchey Av, Ottawa, ON for Sale
$2,195,000 CAD
Auto Repair - FOR SALE
1/2
null | Request Cap Rate

140 Hinchey Av
Ottawa, ON K1Y 1L4
Westboro


HIGHLIGHTS

  • Prime 10,828.48 sq. ft. development parcel located just 500 metres from the Tunney's Pasture LRT Station in Ottawa.
  • Currently improved with an income-generating parking lot and a specialty automotive repair/collision facility, providing strong holding income.
  • Flexible options include maintaining the legal non-conforming commercial use or occupying as an owner-user.
  • Significant redevelopment potential for low-rise residential or partial site intensification.
  • Exceptional assembly opportunity with neighbouring properties on Forward and Hinchey Avenues totaling approximately 21,746 sq. ft.
  • Can be assembled with 143 Forward Avenue and 144 Hinchey Avenue (and potentially additional neighbouring parcels) to create a combined development.

OVERVIEW

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

FOR SALE DETAILS

PRICE

$2,195,000 CAD

PRICE/SF

$1,186 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,828 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

JP ChartrandSutton Group - Ottawa RealtyMore Info
855-613-2845

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JP ChartrandSutton Group - Ottawa RealtyMore Info
855-613-2845

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.