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43-45 Eccles St 11,996 SF 54% Leased Office Building Ottawa, ON K1R 6S3 $2,125,913 USD ($177.22 USD/SF) 6.50% Cap Rate



Executive Summary
Tremendous value in this architecturally stunning all-brick asset in the heart of one of Ottawa's most dynamic neighbourhoods. 43-45 Eccles is an impeccably maintained, fully renovated 2-storey heritage-style building with high ceilings on every level, copper doors, and oversized windows on all sides, plus a separate stand-alone retail building connected by an internal staircase and 11 on-site parking spaces. The main level features a modern tech-style office with glass partitions, mezzanine, boardrooms, two bathrooms, a kitchen, and multiple offices. The second level offers a wide open, versatile space with soaring ceilings, huge windows, boardroom, mezzanine, two bathrooms, and kitchenette - ideal for office, studio, creative users, or congregation. The stand-alone main floor retail space boasts high ceilings, extensive glazing, three offices, staff room, kitchen, and two bathrooms. The lower level is leased to an architectural design firm, providing immediate income. A substantial electrical capacity supports intensive server, studio, or light manufacturing uses. Perfect opportunity to owner-occupy part of the building while benefiting from rental income, or keep fully leased as a trophy investment. Prime central location between Little Italy and Chinatown, minutes to downtown, Lebreton Flats, LRT, Ottawa Civic Hospital, highways, and interprovincial bridges. Bright spaces, secure fob access, and striking architecture make this a rare offering.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
11,996 SF
Building Class
B
Year Built
1917
Price
$2,125,913 USD
Price Per SF
$177.22 USD
Cap Rate
6.50%
NOI
$138,184 USD
Percent Leased
54%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,820 SF
Building FAR
1.10
Lot Size
0.25 AC
Zoning
GM 965) F91.5) H (13.5) - General Mixed-Use Zone
Parking
11 Spaces (0.92 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Floor
- 1,795 SF
- Retail
- Full Build-Out
- Now
- 2nd Floor
- 3,775 SF
- Office
- Full Build-Out
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 1,795 SF | Retail | Full Build-Out | Now |
| 2nd Floor | 3,775 SF | Office | Full Build-Out | Now |
1st Floor
| Size |
| 1,795 SF |
| Space Use |
| Retail |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 3,775 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1 1
Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (78)
Bike Score®
Biker's Paradise (94)
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43-45 Eccles St
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