300 Parkdale Ave - Office FOR SALE


Ottawa, ON K1Y 1G2- Westboro
$5,975,000 CAD
613-788-2747
300 Parkdale Ave, Ottawa, ON for Sale
$5,975,000 CAD
Office - FOR SALE
1/4
null | Request Cap Rate

300 Parkdale Ave
Ottawa, ON K1Y 1G2
Westboro


HIGHLIGHTS

  • Income Opportunity - The Owner will enter into a short-term sale leaseback of the Property with the Buyer, providing immediate investment income.

OVERVIEW

Nestled within the rapidly gentrifying Parkdale Market neighborhood, this Property is improved with a 29,400 square foot, multi level office and industrial building, currently fully occupied by the Owner. The opportunity provides a buyer a short-term, income producing investment through a sale-leaseback with the Owner, supported by future high-density development potential. The new City of Ottawa zoning by-law has predominately classified the neighborhood surrounding the Property as H2- Hub Zone 2, which allows for high-density development. 300 Parkdale is centrally nestled within this neighborhood with a unique IM - Mixed Industrial Zone designation, supporting a variety of unique commercial uses. This zoning provides a buyer an ability to use the Property for uses that will service this future high density district. The new Official Plan and Scott Street Secondary Plan include this Property within the policy framework for future high-density development, supporting an exciting future place-making opportunity.

FOR SALE DETAILS

PRICE

$5,975,000 CAD

PRICE/SF

$203 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1933

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

IL8 [104] F(1.0) H(13.5)

APN/PARCEL ID

061407370171300

ASK ABOUT THIS PROPERTY

Jamie BoyceCBRE, LimitedMore Info
613-788-2747

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Jamie BoyceCBRE, LimitedMore Info
613-788-2747

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