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461 Donald B Munro Dr
Ottawa, ON K0A 1L0
Retail Property For Sale

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INVESTMENT HIGHLIGHTS

  • Fully leased retail plaza with strong tenant mix.
  • Anchored by LCBO and Pharmasave with renewal options.

EXECUTIVE SUMMARY

Positioned in the heart of Carp’s thriving community, this retail plaza offers investors a rare opportunity to acquire a fully leased, income-generating property with exceptional upside potential. Known locally as Carp Mall, the asset spans 7,500 square feet on a generous 38,168-square-foot lot, providing both stability and room for expansion. The plaza enjoys prime frontage on Main Street, ensuring maximum visibility and accessibility for tenants and customers alike.
Anchored by LCBO and Pharmasave, alongside popular local establishments such as Carp Bakery and Village Pizza, the property boasts a strong tenant mix with proven longevity. Each lease includes renewal options, reinforcing long-term income security. Current net operating income stands at $215,261.56, supported by annual gross revenues exceeding $279,000, making this a solid investment with attractive returns.
Strategically located across from a modern retirement residence and surrounded by growing residential developments, the plaza benefits from steady foot traffic and a vibrant local demographic. Zoning flexibility allows for future redevelopment or the addition of residential units, further enhancing value. With financing available and a well-maintained structure, this property represents a turnkey acquisition in one of Ottawa’s most desirable suburban markets.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
8,000 SF
Year Built
1989
Price
$2,515,741 USD
Price Per SF
$314.47 USD
Cap Rate
6.15%
NOI
$154,726 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
1.08 AC
Zoning
VM - Village Mixed-Use Zone
Parking
20 Spaces (2.5 Spaces per 1,000 SF Leased)

AMENITIES

  • Bus Line
  • Signage
  • Signalized Intersection
  • Listing ID: 38996347

  • Date on Market: 1/7/2026

  • Last Updated:

  • Address: 461 Donald B Munro Dr, Ottawa, ON K0A 1L0

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