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569 Gladstone Ave 6,195 SF 80% Leased Retail Building Ottawa, ON K1R 5P2 $859,672 USD ($138.77 USD/SF) 5.32% Cap Rate

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Investment Highlights

  • This great income property features two apartments and one commercial unit.

Executive Summary

Investors, take note! This great income property features two apartments and one commercial unit. The commercial unit is a restaurant, rented for $3,000 per month. Apartment two is rented for $1,750, and apartment three is rented for $1,450 per month. Gross income is $73,800, and the net operating income is $62,500. Please see it today!

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,195 SF
Building Class
C
Year Built
1933
Price
$859,672 USD
Price Per SF
$138.77 USD
Cap Rate
5.32%
NOI
$45,727 USD
Percent Leased
80%
Tenancy
Multiple
Building Height
3 Stories
Zoning
R61(H)13.0 - Future redevelopment flexibility
Frontage
33’ on Gladstone Ave

Amenities

  • Bus Line
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Balcony

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 1,250 SF
  • Retail
  • Outparcel
  • Now

569 Gladstone Avenue #A presents a well-positioned retail opportunity in the heart of Ottawa’s urban core. Set within a lively and highly walkable corridor, this storefront enjoys consistent visibility, strong pedestrian presence, and convenient access for both local residents and destination traffic. The property is surrounded by established residential neighbourhoods, independent retailers, grocers, and service-based businesses, creating a natural customer base for operators seeking a centrally located retail environment. The unit features a welcoming street-level presence ideal for retailers prioritizing accessibility and storefront exposure. Its main level layout supports an efficient customer-facing environment, while the lower level provides valuable operational space that can accommodate storage, prep areas, or back-of-house functions depending on tenant needs. The property benefits from forced-air gas heating and on-site cooling, providing a comfortable environment for both staff and customers throughout the year. This location offers strong connectivity to Ottawa’s downtown districts and is easily accessible by public transit, cycling routes, and major urban thoroughfares. It sits within a neighbourhood known for its dense population, steady foot traffic, and appeal to residents seeking local retail and food-service options. For retail tenants looking to establish a presence in a proven and well-traveled corridor, this address presents an efficient and competitively priced leasing opportunity. With the former operation having recently closed, the space is ready for a new occupant to bring their concept to a thriving community. Flexible configuration, accessibility, and its favourable position within a vibrant mixed-use area make 569 Gladstone Avenue #A an excellent choice for retailers seeking an urban storefront in Ottawa.

Space Size Space Use Position Available
1st Floor 1,250 SF Retail Outparcel Now

1st Floor

Size
1,250 SF
Space Use
Retail
Position
Outparcel
Available
Now

1st Floor

Size 1,250 SF
Space Use Retail
Position Outparcel
Available Now

569 Gladstone Avenue #A presents a well-positioned retail opportunity in the heart of Ottawa’s urban core. Set within a lively and highly walkable corridor, this storefront enjoys consistent visibility, strong pedestrian presence, and convenient access for both local residents and destination traffic. The property is surrounded by established residential neighbourhoods, independent retailers, grocers, and service-based businesses, creating a natural customer base for operators seeking a centrally located retail environment. The unit features a welcoming street-level presence ideal for retailers prioritizing accessibility and storefront exposure. Its main level layout supports an efficient customer-facing environment, while the lower level provides valuable operational space that can accommodate storage, prep areas, or back-of-house functions depending on tenant needs. The property benefits from forced-air gas heating and on-site cooling, providing a comfortable environment for both staff and customers throughout the year. This location offers strong connectivity to Ottawa’s downtown districts and is easily accessible by public transit, cycling routes, and major urban thoroughfares. It sits within a neighbourhood known for its dense population, steady foot traffic, and appeal to residents seeking local retail and food-service options. For retail tenants looking to establish a presence in a proven and well-traveled corridor, this address presents an efficient and competitively priced leasing opportunity. With the former operation having recently closed, the space is ready for a new occupant to bring their concept to a thriving community. Flexible configuration, accessibility, and its favourable position within a vibrant mixed-use area make 569 Gladstone Avenue #A an excellent choice for retailers seeking an urban storefront in Ottawa.

Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (73)
Bike Score®
Very Bikeable (88)
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.®

Nearby Major Retailers

Crossfit
The WORKS Craft Burgers & Beer
Second Cup Cafe
Tim Hortons
Starbucks
Independent Grocer
Shoppers Simply Pharmacy
NoodleBox
The Royal Oak
RBC Royal Bank
  • Listing ID: 38760134

  • Date on Market: 12/12/2025

  • Last Updated:

  • Address: 569 Gladstone Ave, Ottawa, ON K1R 5P2

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