397 Montreal Rd 1,429 SF Office Building Ottawa, ON K1L 8K7 £435,670 (£304.88/SF)
INVESTMENT HIGHLIGHTS
- High traffic corner
- Public transit routes just steps away
- Bachelor's apartment upstairs
- Mixed use zoning for a broad range, such as retail, medical, service commercial, office, residential, and institutional uses
- Currently built-out as a Chiropractor's office on the main level
- Excellent investment or redevelopment opportunity
EXECUTIVE SUMMARY
Your opportunity to acquire a high-traffic, stand-alone building and with mix use zoning that provides easy access by foot, cycle, transit and automobile! This property is zoned for a broad range of uses including retail, service commercial, office, residential and institutional uses, including mixed-use buildings. Currently used as a Chiropractor's office on main level and a bachelor apartment upstairs. Building is in good condition, and is very suitable for a medical office set up, but also a great REDEVELOPMENT opportunity!
Existing building has 1,429 square feet of commercial/office space on the main level, plus a 381 square foot bachelor apartment on the 2nd floor. Excellent opportunity for an investor looking to capitalize off two rental incomes, or an owner-user seeking additional revenue. This property also has tons of potential for a redevelopment project; located centrally in a highly sought after/up and coming neighbourhood. Zoned for multi-family and commercial projects.
Existing building has 1,429 square feet of commercial/office space on the main level, plus a 381 square foot bachelor apartment on the 2nd floor. Excellent opportunity for an investor looking to capitalize off two rental incomes, or an owner-user seeking additional revenue. This property also has tons of potential for a redevelopment project; located centrally in a highly sought after/up and coming neighbourhood. Zoned for multi-family and commercial projects.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Development Sale
Property Type
Office
Property Subtype
Building Size
1,429 SF
Building Class
C
Year Built
1919
Price
£435,670
Price Per SF
£304.88
Tenancy
Single
Number of Floors
2
Typical Floor Size
715 SF
Slab to Slab
14 ft
Building FAR
0.33
Lot Size
0.10 AC
Zoning
TM - Arterial and Traditional Mainstreet Zones
Parking
5 Spaces (3.5 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Route
- Signage
1 of 1
Walk Score®
Very Walkable (88)
Bike Score®
Very Bikeable (75)
