605 Center St - Storefront FOR SALE


Ottawa, ON K1K 2N8- East Central
$1,100,000 CAD
613-302-5752
605 Center St, Ottawa, ON for Sale
$1,100,000 CAD
Storefront - FOR SALE
1/9
null | Request Cap Rate

605 Center St
Ottawa, ON K1K 2N8
East Central


HIGHLIGHTS

  • Prime mixed-use duplex located near the high-traffic intersection of Montreal Road and Center Street with exceptional visibility.
  • Approximately 960 sq. ft. of freshly painted ground-floor retail space with private bathroom, high loading dock, and double man door.
  • Second-floor residential apartment currently rented, plus basement included at no additional cost for dry storage.
  • Desirable MS2 [2199] zoning permitting a wide range of commercial and residential uses, with redevelopment potential up to 30 metres in height.

OVERVIEW

Retail/residential duplex for sale near the intersection of Montreal Road and Center Street. The property is located directly across the street from a large retail plaza. The location is blessed with very high traffic and visibility from the intersection. The ground floor measures approximately 960 sf of nicely finished usable space with a private bathroom. It is vacant and freshly painted. Use it for your own business, or rent it. There is a high loading dock with a double man door for shipping and receiving. The basement is included at no additional charge and is usable for dry storage. The second floor is a residential apartment and is rented. The property offers excellent MS2 [2199] zoning, which is ideal for a wide range of commercial and mixed residential uses, and a great candidate for using the property for a redevelopment of greater height and density. The new zoning permits up to 30 meters in height.

FOR SALE DETAILS

PRICE

$1,100,000 CAD

PRICE/SF

$594 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

MS2 [2199]

APN/PARCEL ID

061401050226900

ASK ABOUT THIS PROPERTY

Mitch GauzasRoyal Lepage Integrity RealtyMore Info
613-302-5752

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Mitch GauzasRoyal Lepage Integrity RealtyMore Info
613-302-5752

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