2821 Riverside Dr - Office FOR SALE


Ottawa, ON K1V 8N4- Westboro
$4,200,000 CAD
613-769-3864
2821 Riverside Dr, Ottawa, ON for Sale
$4,200,000 CAD
Office - FOR SALE
1/15
null | Request Cap Rate

2821 Riverside Dr
Ottawa, ON K1V 8N4
Westboro


HIGHLIGHTS

  • Prime Location: Freestanding 7,390 sq. ft. commercial building on a 22,906 sq. ft. lot along a major Ottawa arterial in Riverside Park.
  • Flexible Zoning: GM1 F(1.0) zoning permits a wide range of retail, office, and mixed-use development options.
  • Turnkey Space: Features a functional layout with reception, boardroom, meeting areas, training room, kitchen, and 14 on-site parking spots.
  • Strong Investment Potential: Surrounded by dense residential, national retailers, and new developments, with vendor open to a 3-year leaseback.

OVERVIEW

This well-maintained 7,390 sq. ft. freestanding commercial building is strategically positioned along one of Ottawa's busy arterial corridors. Set on a 22,906 sq. ft. lot in the established Riverside Park neighbourhood, the property benefits from GM1 F(1.0) General Mixed Use zoning, allowing a wide variety of retail, office, and mixed-use development possibilities. Built in 1977 and updated over the years, the single-storey building features a flexible open layout with reception, boardroom, meeting spaces, training room, kitchen, and storage, complemented by 14 on-site parking spaces. Located across from Mooneys Bay and surrounded by dense residential communities, national retailers, institutional facilities, and new mixed-use developments, the site offers excellent visibility, strong area demographics, and significant future redevelopment potential. Vendor is willing to leaseback the property for three years to accommodate developers and investors. Just minutes to downtown, the Ottawa International Airport, and major transit routes, this is an exceptional investment or owner-occupier opportunity in a high-demand commercial district.

FOR SALE DETAILS

PRICE

$4,200,000 CAD

PRICE/SF

$536 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,087 SF

ZONING

GM1 F

APN/PARCEL ID

061411620105001

ASK ABOUT THIS PROPERTY

Michael SimonCLV REALTY CORPORATION, BROKERAGEMore Info
613-769-3864

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Michael SimonCLV REALTY CORPORATION, BROKERAGEMore Info
613-769-3864

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.