143 Forward & 140-144 Hinchey Avenue
4201 - Mechanicsville / West Centre Town, ON K1Y 1K8
About This Property
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
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Buying or selling in West Centre Town?
Filipe & Isabel Ferreira and the Team Filipe (RE/MAX Ultimate Realty Inc., Brokerage) represent buyers and sellers here. Local guides and live listings below.
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MLS® X13830124
Listed by SUTTON GROUP - OTTAWA REALTY
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). The information contained herein is from sources believed to be reliable but is not guaranteed. Information deemed reliable but not guaranteed accurate by TRREB or Team Filipe / RE/MAX.
Team Filipe · RE/MAX · (647) 210-6070
Mortgage Estimate
Est. Monthly Payment
$15,992
/month · $2,620,000 mortgage
Amortization
Total Interest
$2,177,677
Total Cost
$4,797,677
Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.
Full Mortgage Calculator →Listed By
SUTTON GROUP - OTTAWA REALTY






