$1,199,000

For sale

84 Sherbrooke Avenue, Ottawa - Retail for Sale

84 Sherbrooke Avenue, Ottawa, Ontario, K1Y1R9

3 parking2,346 ft²23 × 103 ft (2,370 sq ft) lot sizeListed 12 days ago

Overview

This retail property in Ottawa is for sale offering roughly 2,346 sq ft of space. It has been on the market 12 days, fresher than the Ottawa average of 62 days.

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Description

Beautiful mixed-use commercial and residential investment property located in Hintonburg. Fronting Gladstone Avenue and Sherbrooke Avenue with very quick access to neighbouring communities such as Wellington West and Little Italy. This property features approximately 1,000 SF of beautifully finished ground floor office & retail space + 2 tenanted one bedroom residential apartments above. 3 parking spaces onsite with public transit right at your door step. Corner property with excellent visibility having both 102' fronting Gladstone Avenue and 22' fronting Sherbrooke Avenue. While this property can easily accommodate office, retail storefront, artist or production studio, medical or personal service business, the Minor Corridor Zone 1 permits for a variety of other uses. Showings require 24 hours notice and can be scheduled Tuesday through Friday. (id:66096)

Property Details

MLS®: X14110360
Property Type: Retail
Zoning: Minor Corridor Zone 1: CM1[1498]
Parking: 3
Interior Size: 2,346 ft²
Lot Size: 23 × 103 ft (2,370 sq ft)
Frontage: 23 ft
Heating: Hot water radiator heat, Baseboard heaters, Natural gas
Cooling: Fully air conditioned
Property Tax: $11,239/yr
Listed: 12 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

12d

Ottawa listings, avg age

62d

Price / ft²

$511

List price

$1.20M

Haho

This retail in Ottawa has been listed for 12 days, which is 50 days fresher than the city average of 62. Act while there is still low competition.

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Listed by ROYAL LEPAGE TEAM REALTY · Anne Price

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K1Y)

This home lists at $1,199,000, about 12.1× the local median household income of $99,000.

Carrying it typically needs a household income of about $234,207 (20% down, 25-yr amortization, stress-tested) — roughly 137% above the area median.

Median household income: $99,000
Population: 20,712
Median age: 40
Owner / renter: 51% / 49%
Avg. household size: 2

Source: Statistics Canada, 2021 Census (FSA K1Y)

$1,199,000· $511/ft²

For sale

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Financing

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