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397 Montreal Rd 1,429 SF Office Building Ottawa, ON K1L 8K7 $573,098 USD ($401.05 USD/SF)

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INVESTMENT HIGHLIGHTS

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

EXECUTIVE SUMMARY

Exceptional Investment Opportunity in a Prime, High-Traffic Location! Don't miss your chance to own a versatile, stand-alone building with mixed-use zoning, perfectly positioned for maximum exposure and accessibility whether by foot, bike, transit, or car. This property offers a wide range of permitted uses, including retail, professional office, service commercial, residential, and institutional making it ideal for both owner-occupiers and investors alike. Currently used as a Chiropractor's office on main level and a vacant bachelor apartment upstairs. Alternatively, take advantage of its redevelopment potential to unlock even greater value in this dynamic location. Building is in good condition, and is very suitable for a medical office set up, but also a great redevelopment opportunity!

PROPERTY FACTS

Sale Type
Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Office/Residential
Building Size
1,429 SF
Building Class
C
Year Built
1919
Price
$573,098 USD
Price Per SF
$401.05 USD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
715 SF
Slab To Slab
14’
Building FAR
0.33
Lot Size
0.10 AC
Zoning
TM - Arterial and Traditional Mainstreet Zones
Parking
6 Spaces (4.2 Spaces per 1,000 SF Leased)

AMENITIES

  • Bus Line
  • Signage
Walk Score®
Very Walkable (89)
Bike Score®
Very Bikeable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 34254105

  • Date on Market: 8/14/2024

  • Last Updated:

  • Address: 397 Montreal Rd, Ottawa, ON K1L 8K7

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