444 Parkdale Avenue

Tunneys Pasture and Ottawa West, ON

2,500 sqft • Investment • 164 days on market

$6,000,000

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.

Listing Details

Taxes (2025): $7,237
Listed: March 13, 2026

Price History

Listing history

Property

Lot Size: 50 x 104 Feet

Location & Legal

Cross Street: Parkdale Ave and Wellington St
Zoning: R4UB-c
Parcel Number: 040350185
Possession: Other

Commercial

Occupancy: Tenant

Community

Postal area K1Y

Population: 20,712
Private dwellings: 10,737
Median age: 40
Average household size: 2
Median household income: $99,000

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Commercial in Tunneys Pasture and Ottawa West · last 12 months

Median sold price: $912,500
Homes sold: 96
Median days on market: 14
Sale-to-list price: 100.2%

Based on 96 recorded sales of commercial properties in Tunneys Pasture and Ottawa West over the last 12 months.

Listed by

ROYAL LEPAGE TEAM REALTY

Location

Commercial figures

Building area: 2,500 sq ft
Price per sq ft: $2,400.00
Annual property tax: $7,237
Tax per sq ft: $2.89

Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.

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