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:28469)
Facts & features
Property
MLS® Number
X14083294
Property Type
Retail
Community Name
3401 - Kingsview Park
Building
Cooling Type
None
Heating Fuel
Natural Gas
Heating Type
Forced Air
Size Interior
5,952 Sqft
Utility Water
Municipal Water
Land
Acreage
No
Size Depth
54 Ft
Size Frontage
1620 Ft
Size Irregular
1620 X 54 Ft
Size Total Text
1620 X 54 Ft
Zoning Description
Tm3
Monthly payment estimate
$
Estimated payment—per month
Mortgage amount
—
Total interest
—
Down payments under 20% typically require mortgage default insurance (CMHC), which is not included in this estimate.
Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.
Cost of ownership
Est. monthly payment
$10,627/mo
Ontario land transfer tax
$46,475 one-time
Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.