973 MONTREAL Road, Ottawa, Ontario, K1K0S6




$1,900,000
Ottawa
This retail property in Ottawa is for sale offering roughly 2,000 sq ft of space.
This property presents a strong mixed-use investment and redevelopment opportunity along Montreal Road. Currently with a retail building occupied by **two established restaurant tenants**, the site offers immediate holding income while positioning a buyer for future repositioning or redevelopment. With **AM10[2199] zoning**, the property allows for a broad range of permitted uses including **medical/healthcare, retail, service commercial, office, and residential development**, making it particularly well-suited for a **medical/dental office building, mixed-use redevelopment, or long-term residential intensification play**. Ideally located near major shopping, **Montfort Hospital**, transit, and surrounding amenities, the site benefits from strong accessibility and continued area growth. Adding to its upside, neighboring developments are already moving forward with higher-density proposals, reinforcing the long-term development potential of this corridor. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 173 days on market, against an average age of 63 days across the listings currently for sale in this city
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Approximate location — exact address confirmed upon showing
This home lists at $1,900,000, about 25.9× the local median household income of $73,500.
Carrying it typically needs a household income of about $371,137 (20% down, 25-yr amortization, stress-tested) — roughly 405% above the area median.
Source: Statistics Canada, 2021 Census (FSA K1K)
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