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$ 2,195,000
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505 O'Connor ST Ottawa Centre, ON K1S 1Y8
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Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Subdivision 4101 - Ottawa Centre
MLS Listing ID X12263635
Annual Tax Amount $28,509
Tax Year 2024
Property Sub-Type Office
Property Description
505 O'Connor Street presents a rare opportunity to acquire a mixed-use property in the heart of Ottawa's highly desirable Glebe neighbourhood. Situated on the corner of O'Connor Street and Monkland Avenue, the ~4,400 square foot features a recently renovated ground-floor commercial space (~1,800 SF), formerly operating as a medical office, which will be delivered vacant. With recent capital improvements, including a new furnace, boiler, and roof, the space is ideally suited for a wide range of professional or medical uses. Its prominent corner location offers excellent visibility, with signage potential, a convenient access transit and Highway 417. Above the commercial spaces are two fully leased residential units, each occupying its own floor: A spacious three-bedroom unit (~1,800 SF) and a spacious two-bedroom unit (~800 SF). These units provide steady cash flow and appeal to a wide tenant base, including families, professionals, and students, thanks to the Glebe's walkable amenities, nearby retail, and proximity to Bank Street. This offering is well suited for owner-users seeking to occupy high-quality space while benefiting from the residential rental income, or investors looking for long-term value in stable, centrally located asset.
Location
Province ON
County Ottawa
Community 4101 - Ottawa Centre
Area Ottawa
Zoning R1MM[504] H(10.5)
Interior
Cooling Partial
Exterior
Utilities Available Yes
Lot Frontage 57.45
Lot Depth 99.9
Others
Security Features No
Listed by CUSHMAN & WAKEFIELD
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