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$ 6,800,000
Est. payment | /mo
17,156 SqFt
$ 6,800,000
Est. payment | /mo
17,156 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 17,156 sqft
Price per Sqft $396
Subdivision 4001 - Lower Town/Byward Market
MLS® Listing ID X12242112
Source Ottawa Real Estate Board
Property Description
This rare investment opportunity features two fully-leased properties (1 mixed-use and 1 commercial) and a vacant parking lot spanning approximately 201 by 101 feet in the heart of downtown Ottawa. Strategically positioned between St. Andrew Street and Guigues Avenue, along the well-trafficked Dalhousie corridor, the portfolio includes 10 commercial units(7 Tenants) and 6 residential apartments, all fully occupied.Generating a strong gross income of over $438,000 annually, the offering presents stable cash flow with upside potential through future rent escalations or site intensification. Zoned TM (Traditional Mainstreet), the properties benefit from flexible zoning that supports a wide range of commercial and residential uses, making this a rare and versatile holding in one of Ottawas most dynamic urban neighbourhoods.Opportunities to acquire this scale and street presence in the ByWard Market area are exceptionally limited, particularly with assembled frontage and secure income in place. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling Fully air conditioned
Exterior
Parking Features No
View Y/N No
Private Pool No
Listed by ROYAL LEPAGE TEAM REALTY
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Nick Palumbo
Agent | License ID: 5043946