$3,275,000
Est. payment $14,501/moCalculate yours
143 Forward & 140-144 Hinchey Avenue, West Centre Town, ON K1Y 1K8
4201 - Mechanicsville, West Centre Town, ON K1Y 1K8
Listing courtesy of SUTTON GROUP - OTTAWA REALTY MLS® X13830124
About this home
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.
Property details
Overview
- Property Type
- Vacant Land
- For
- For Sale
- Status
- New
Lot & Parking
- Lot Size
- 100.52 x 215.71 Feet
- Zoning
- N4B
Financial
- Property Taxes
- $41,470 (2025)
Location
- Neighbourhood
- 4201 - Mechanicsville
- Cross Street
- Parkdale and Scott
- Direction Faces
- West
Listing
- MLS® Number
- X13830124
- Days on Market
- 23
- Listed On
- 2026-09-25
- Possession
- Tenanted
- Listed By
- SUTTON GROUP - OTTAWA REALTY
Mortgage calculator
Estimated mortgage payment
$14,501 per month
- Principal and interest
- $14,501
- Property tax
- $3,456
- Condo fees
- $0
- Estimated monthly cost
- $17,957
Your mortgage
- Mortgage amount
- $2,620,000
- Mortgage insurance
- Not needed
- Interest over 25 years
- $1,730,297
Cash to close
- Down payment
- $655,000
- Land transfer tax
- $68,350
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $723,350
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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