305 Cumberland St - Auto Repair FOR SALE


Ottawa, ON K1N 5N1- Downtown
$1,750,000 CAD
613-913-8858
305 Cumberland St, Ottawa, ON for Sale
$1,750,000 CAD
Auto Repair - FOR SALE
1/4
null | Request Cap Rate

305 Cumberland St
Ottawa, ON K1N 5N1
Downtown


HIGHLIGHTS

  • 8,276 sq. ft. development parcel
  • Zoned for a 6-story apartment building
  • Prime location near Byward Market
  • Currently has a 3,936 sq. ft. retail building
  • Short drive to Macdonald Cartier Bridge

OVERVIEW

This prime development opportunity is located just behind the Byward Market in Lowertown, Ottawa, surrounded by several hotels, retail stores, restaurants, and within close proximity to King Edward Ave. The parcel, measuring 8,276 square feet, is ideally situated for growth with current zoning that allows for the construction of a 6-story apartment building, with no variances needed. The lot currently hosts a two-floor, 3,936 square foot retail property, providing potential for redevelopment. Additionally, the location offers easy access to the Macdonald Cartier Bridge and Gatineau, Quebec, making it a highly desirable site for residential development in a bustling, central area.

FOR SALE DETAILS

PRICE

$1,750,000 CAD

PRICE/SF

$445 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

R4T

APN/PARCEL ID

061402070134700

ASK ABOUT THIS PROPERTY

Ben ZunderCDNGLOBALMore Info
613-913-8858

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Ben ZunderCDNGLOBALMore Info
613-913-8858

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.