397 Montreal Rd - Medical FOR SALE


Ottawa, ON K1L 8K7- East Central
$799,999 CAD
819-307-0834
397 Montreal Rd, Ottawa, ON for Sale
$799,999 CAD
Medical - FOR SALE
1/2
null | Request Cap Rate

397 Montreal Rd
Ottawa, ON K1L 8K7
East Central


HIGHLIGHTS

  • High traffic corner
  • Mixed use zoning for a broad range, such as retail, medical, service commercial, office, residential, and institutional uses
  • Public transit routes just steps away
  • Currently built-out as a Chiropractor's office on the main level
  • Bachelor's apartment upstairs
  • Excellent investment or redevelopment opportunity

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$799,999 CAD

PRICE/SF

$560 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1919

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

TM

APN/PARCEL ID

061490030103500

ASK ABOUT THIS PROPERTY

JP ChartrandSutton Group - Ottawa RealtyMore Info
819-307-0834

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JP ChartrandSutton Group - Ottawa RealtyMore Info
819-307-0834

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