$1,499,900

For sale

3835 McBean Street, Ottawa - Retail for Sale

3835 McBean Street, Ottawa, Ontario, K0A2Z0

5,760 ft²100 × 236 ft (23,553 sq ft) lot sizeListed 34 days ago

Overview

This retail property in Ottawa is for sale offering roughly 5,760 sq ft of space. It has been on the market 34 days, fresher than the Ottawa average of 63 days.

Retail Space for Sale in Ottawa →All real estate in Ottawa →

Description

Prime Investment Opportunity - Fully Leased Commercial Property on a half-acre lot (23,250 sq ft). An exceptional opportunity for the discerning investor: this fully leased property features three stable tenants generating a total gross annual rental income of $128,400. All tenants share hydro costs equally, while the landlord covers property taxes, insurance, water, landscaping, environmental services, and snow removal - streamlining management and enhancing tenant satisfaction. The front section of the lot has been recently paved, ensuring excellent curb appeal and functionality. Zoned RG3[151r], the property offers strong current cash flow with exciting future development potential, as a new residential subdivision is being constructed directly behind the site-presenting opportunities to service this growing community. Please note: storage containers located at the rear of the property are excluded from the sale. (id:66096)

Property Details

MLS®: X13849744
Property Type: Retail
Zoning: RG3[151r]
Interior Size: 5,760 ft²
Lot Size: 100 × 236 ft (23,553 sq ft)
Frontage: 99 ft
Cooling: Fully air conditioned
Garage: Other
Property Tax: $4,591.68/yr
Listed: 34 days ago

Services

Water: Drilled Well

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

34d

Ottawa listings, avg age

63d

Price / ft²

$260

List price

$1.50M

Haho

This retail in Ottawa has been listed for 34 days, which is 29 days fresher than the city average of 63. Act while there is still low competition.

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Listed by SUTTON GROUP - OTTAWA REALTY · Colin Zappia

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K0A)

This home lists at $1,499,900, about 13.0× the local median household income of $115,000.

Carrying it typically needs a household income of about $292,983 (20% down, 25-yr amortization, stress-tested) — roughly 155% above the area median.

Median household income: $115,000
Population: 111,626
Median age: 44
Owner / renter: 87% / 13%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA K0A)

$1,499,900· $260/ft²

For sale

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Financing

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