Retail

75-79 Montreal Road

Ottawa, Ontario K1L6E8

$2,400,000

MLS® X14083294

  • 5,952 sq ftInterior
  • 1620 x 54 FTLot size

Overview

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:57793)

Property details

MLS® number
X14083294
Price
$2,400,000
Listing
For sale
Property type
Retail
Interior size
5,952 sq ft
Lot size
1620 x 54 FT
Heating
Forced air, Natural gas
Cooling
None
Water
Municipal water
Zoning
TM3
Annual taxes
$5,906

Location

Address
75-79 Montreal Road
City
Ottawa
Area
3401 - Kingsview Park
Province
Ontario
Postal code
K1L6E8
Country
Canada

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