$2,400,000

For sale

75-79 Montreal Road, Ottawa - Retail for Sale

75-79 Montreal Road, Ottawa, Ontario, K1L6E8

5,952 ft²1620 × 54 ft (2.00 acres) lot sizeListed 20 days ago

Overview

This retail property in Ottawa is for sale offering roughly 5,952 sq ft of space. It has been on the market 20 days, fresher than the Ottawa average of 62 days.

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

Description

Exceptional opportunity to acquire a well-positioned retail plaza in a high-traffic downtown Ottawa location. The property is anchored by five established tenants, providing stable in-place cash flow and a diversified income stream.With several lease renewals approaching, investors have the opportunity to enhance returns by bringing current rents closer to market while retaining a long-standing tenant base. The surrounding area continues to benefit from significant residential and mixed-use development, supporting future tenant demand, increased foot traffic and long-term property appreciation.Offering immediate income, meaningful rental upside and the underlying value of a strategic urban landholding, this asset is ideally suited to investors seeking both dependable cash flow and long-term growth potential. The seller may also consider providing a vendor take-back(VTB) mortgage to qualified purchasers. (id:66096)

Property Details

MLS®: X14083294
Property Type: Retail
Zoning: TM3
Interior Size: 5,952 ft²
Lot Size: 1620 × 54 ft (2.00 acres)
Frontage: 1,620 ft
Heating: Forced air, Natural gas
Cooling: None
Property Tax: $5,906/yr
Listed: 20 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

20d

Ottawa listings, avg age

62d

Price / ft²

$403

List price

$2.40M

Haho

This retail in Ottawa has been listed for 20 days, which is 42 days fresher than the city average of 62. Act while there is still low competition.

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Listed by EXP REALTY · Jack Anbara

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K1L)

This home lists at $2,400,000, about 38.0× the local median household income of $63,200.

Carrying it typically needs a household income of about $468,804 (20% down, 25-yr amortization, stress-tested) — roughly 642% above the area median.

Median household income: $63,200
Population: 18,213
Median age: 41.2
Owner / renter: 33% / 67%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA K1L)

$2,400,000· $403/ft²

For sale

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Financing

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