43-45 Eccles Street West, Ottawa - Office for Sale

Description

Tremendous value in this architecturally stunning, all-brick asset in the heart of one of Ottawa's most dynamic central neighborhood nodes. 43-45 Eccles is a meticulously maintained, fully renovated 2-storey heritage-style building plus finished lower level, featuring soaring ceilings, oversized windows on all sides, secure FOB access, and 11 on-site parking spaces. A rare bonus: a separate stand-alone retail building with its own entrance that is also connected to the main building-ideal for a range of uses and/or a distinct tenant profile. The main floor is completely renovated in a modern, "tech-style" layout with glass partitions, meeting rooms/boardroom capability, kitchen/lunch area, washrooms, and a striking mezzanine element with additional office space. The second level offers an inspiring open concept with high ceilings, huge windows, additional meeting space, washrooms, and kitchenette-perfect for office, studio/creative, wellness, or even congregation-style users. The stand-alone retail component is versatile, bright, and open with high ceilings, 3 offices, kitchenette, and two fully renovated washrooms. Flexible acquisition strategy: 1. Vacant possession available for an owner-occupier, or 2. Fully leased scenario would deliver an NOI of $220,550 equating to an approx. 8.5% cap rate at $2.6M (buyer to verify). Central location between major urban districts with quick access to downtown, transit/LRT, and key commuter routes. A true trophy building with real usability-owner-occupy part (or all) and offset carrying costs, or hold as a stabilized, character-rich investment. (id:66096)

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