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205 Catherine St
Ottawa, ON K2P 1C3
Office Property For Sale
Investment Highlights
- Flexible floor plates with abundant natural light create a functional and inviting work environment.
- General Mixed Use zoning (GM3 F(3.0) H(19)) supports a wide range of residential and commercial development opportunities.
- Centrally located in Centretown, steps from Bank Street and minutes from HWY 417 and public transit.
- Concrete structure with large windows built for long-term durability and adaptability.
- Includes 36 on-site parking spaces, a rare advantage in Ottawa’s core market.
- Current occupancy of 46.5% provides immediate income with upside through lease-up or redevelopment strategies.
Executive Summary
205 Catherine Street offers an exceptional investment opportunity in Ottawa’s Centretown district. This freestanding two-storey office building forms part of a 20,528 SF site and benefits from General Mixed Use zoning (GM3 F(3.0) H(19)), allowing a wide range of commercial and residential development options. The property boasts a concrete structure, large windows, and flexible floor plates delivering abundant natural light throughout.
The asset is currently 46.5% leased, generating in-place income while offering significant upside potential through lease-up or repurposing strategies. With a projected NOI of approximately $82,189 in 2025 and the ability to enhance performance, investors gain immediate revenue with near-term opportunity for value creation.
Strategically located steps from Bank Street and Catherine Street, the property offers excellent connectivity, including quick access to HWY 417, public transportation, and a dense amenity base in Downtown Ottawa. Supported by ongoing urban density initiatives, this well-located property represents a compelling long-term play for investors, developers, or owner-users seeking flexible redevelopment and adaptive reuse options in one of Ottawa’s most vibrant commercial hubs.
The asset is currently 46.5% leased, generating in-place income while offering significant upside potential through lease-up or repurposing strategies. With a projected NOI of approximately $82,189 in 2025 and the ability to enhance performance, investors gain immediate revenue with near-term opportunity for value creation.
Strategically located steps from Bank Street and Catherine Street, the property offers excellent connectivity, including quick access to HWY 417, public transportation, and a dense amenity base in Downtown Ottawa. Supported by ongoing urban density initiatives, this well-located property represents a compelling long-term play for investors, developers, or owner-users seeking flexible redevelopment and adaptive reuse options in one of Ottawa’s most vibrant commercial hubs.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
27,361 SF
Building Class
B
Year Built
1947
Price
$6,950,000 CAD
Price Per SF
$254.01 CAD
Percent Leased
46%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
13,681 SF
Slab To Slab
10’
Building FAR
1.34
Lot Size
0.47 AC
Zoning
GM3 - Centertown Highrise
Parking
10 Spaces (0.37 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Controlled Access
- Security System
- Signage
- Kitchen
- Accent Lighting
- Fully Carpeted
- Natural Light
- Air Conditioning
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