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$ 5,500,000
Est. payment | /mo
26,127 SqFt
$ 5,500,000
Est. payment | /mo
26,127 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 26,127 sqft
Price per Sqft $210
Subdivision 7401 - Rideau Heights/Industrial Park
MLS Listing ID X12165268
Annual Tax Amount $77,970
Tax Year 2024
Property Sub-Type Investment
Property Description
Retail, mixed-use investment property for sale. Situated just off Merivale Road in Ottawa's West Central submarket, this property benefits from a strategic location with convenient access to one of the city's major arterial routes. It is positioned directly across from Costco, placing it at the center of a bustling commercial hub. The property is comprised of two buildings totaling approximately 26,127 SF of gross leasable area. Great mix of complementary retail and office tenants, most with contractual rental increases. Many of the rents are below market with room for growth. Strong recent leasing activity with ~8 lease renewals and new tenancies signed since 2024. Approximately 128,000 people live within a 5km radius and an estimated 50,000 vehicles pass by the closest major intersection daily.
Location
Province ON
County Ottawa
Community 7401 - Rideau Heights/Industrial Park
Area Ottawa
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 284.3
Listed by AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES
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