5791 Prince Of Wales Drive, Ottawa - Business for Sale
5791 Prince Of Wales Drive, Ottawa, Ontario, K4M1A5
Description
Located on High Visibility Prince of Wales Drive Ottawa. This Exceptional Commercial Property offers Outstanding Exposure with 41,000 Vehicles passing daily which is 15 Million Cars/Year which drive on Highway 416 past this Location, Car Canada was originally built in 1996 with an addition constructed in 1997. There are Private Services of Well & Septic. Oil water separators are Included. Situated on 5.7 Acres, the property features an Exceptional Commercial Showroom Space, with Maintenance area adjoined to It. This well-maintained commercial property offers a unique functional building ideal for a variety of business uses. A standout feature is the purpose-built showroom designed for RV or vehicle display. This impressive space offers high ceilings and abundant natural light, and 14 well-appointed offices and utility areas complete the layout. There is a total of 6 Washrooms, and one large Kitchen and one Kitchenette. The building is in excellent condition and ready for immediate use. This is a rare opportunity to acquire a flexible commercial property with strong infrastructure and move-in-ready facilities. The property is leased to Myers Manotick for $32,500/month gross (around $20.00 sqf net) from April 01, 2024 to March 31, 2026 increasing to $35,000.00 month gross (around $22.00 sq ft net) from April1, 2026 to April 30, 2027. (id:66096)
Property Details
- MLS®
- X13123212
- Property Type
- Business
- Zoning
- RC3(61r), Rural Commercial
- Lot Size
- 5.73 acres
- Frontage
- 230 ft
- Heating
- Hot water radiator heat, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $48,481.79/yr
- Listed
- 177 days ago
Market Timing
Long Listed: 177 days on market, against an average age of 62 days across the listings currently for sale in this city
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Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (K4M)
This home lists at $4,900,000, about 33.6× the local median household income of $146,000.
Carrying it typically needs a household income of about $957,142 (20% down, 25-yr amortization, stress-tested) — roughly 556% above the area median.
- Median household income
- $146,000
- Population
- 14,380
- Median age
- 43.2
- Owner / renter
- 90% / 10%
- Avg. household size
- 2.7
Source: Statistics Canada, 2021 Census (FSA K4M)
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$4,900,000
Ottawa