Welcome to 365 Richmond Road, a beautiful commercial property located in Westboro hitting the market for the first time in over 50 years! A rare and unique opportunity to acquire a stunning 6,000 SF office and retail property with a striking street front address. This property was initially built in 1913 by John E. Cole for the Bank of Ottawa to support the demand for a much needed local financial institution. Currently home to the Frontline Financial Credit Union and to Core Connections Physiotherapy, this property has been serving the community ever since. 365 Richmond Road is nestled in one of the city's trendiest neighbourhood's which hosts an exiting mix of retail boutiques, pubs, cafés, top tier dining experiences, art galleries, the GCTC, health and fitness studios, to name a few, combined with beautiful green landscapes and a connection to nature. In this area, whether you're at work or at home, people have access to walk and cycle alongside the Ottawa River, kayak the nearby rapids or rest at the beach. This property's premium location also includes convenient access to public transit, the highway and several important event centres such as Lebreton Flats, Parliament Hill, Gatineau Park and the Experimental Farm. With 76 feet of premium frontage on Richmond Road, 0.33 acres of land and a large parking lot, this commercial building in Westboro has it all. (id:66096)
Property Details
MLS®
X13732720
Property Type
Office
Zoning
Mainstreet Zone 1: MS1[1675] H(24)
Interior Size
14,725 ft²
Lot Size
76 × 224 ft (17,024 sq ft)
Frontage
76 ft
Heating
Forced air, Natural gas
Cooling
Fully air conditioned
Property Tax
$43,015/yr
Listed
64 days ago
Services
Water
Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
64d
Ottawa listings, avg age
62d
Price / ft²
$374
List price
$5.50M
Long Listed: 64 days on market, against an average age of 62 days across the listings currently for sale in this city
Market timing · days on market0 → 62d avg age of current listings
Long Listed · day 64
Haho
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Approximate location — exact address confirmed upon showing
Nearby Places
Area context
Neighbourhood profile (K2A)
This home lists at $5,500,000, about 52.4× the local median household income of $105,000.
Carrying it typically needs a household income of about $1,074,343 (20% down, 25-yr amortization, stress-tested) — roughly 923% above the area median.
Median household income
$105,000
Population
17,156
Median age
47.2
Owner / renter
60% / 40%
Avg. household size
2.2
Source: Statistics Canada, 2021 Census (FSA K2A)
$5,500,000· $374/ft²
For sale
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