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$2,195,000
Est. payment /mo
UPDATED:
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 OConnor Street presents a rare opportunity to acquire a mixed-use property in the heart of Ottawas highly desirable Glebe neighbourhood. Situated on the corner of OConnor Street and Monkland Avenue, the ~4,400 square foot building features a ground-floor commercial space (~1,800 SF), currently operating as a medical office, which can be delivered vacant or open to short-term leaseback. With recent capital improvements, including a new furnace, boiler, and roof, the space is ideally suited for medical or professional uses. Its prominent corner location offers excellent visibility, with signage potential, and convenient access to transit and Highway 417. Above the commercial space are two fully leased residential units, each occupying its own floor: a spacious three-bedroom unit (~1,800 SF) and a 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 Glebes walkable amenities, nearby retail, and proximity to Bank Street. This offering is well suited for owner-users seeking to occupy quality space while benefiting from the residential rental income, or investors looking for long-term value in a 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
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Listed by CUSHMAN & WAKEFIELD