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2821 Riverside Dr 7,838 SF Office Building Ottawa, ON K1V 8N4 $4,200,000 CAD ($535.85 CAD/SF)



INVESTMENT HIGHLIGHTS
- Prime Location: Freestanding 7,390 sq. ft. commercial building on a 22,906 sq. ft. lot along a major Ottawa arterial in Riverside Park.
- Turnkey Space: Features a functional layout with reception, boardroom, meeting areas, training room, kitchen, and 14 on-site parking spots.
- Flexible Zoning: GM1 F(1.0) zoning permits a wide range of retail, office, and mixed-use development options.
- Strong Investment Potential: Surrounded by dense residential, national retailers, and new developments, with vendor open to a 3-year leaseback.
EXECUTIVE SUMMARY
This well-maintained 7,390 sq. ft. freestanding commercial building is strategically positioned along one of Ottawa's busy arterial corridors. Set on a 22,906 sq. ft. lot in the established Riverside Park neighbourhood, the property benefits from GM1 F(1.0) General Mixed Use zoning, allowing a wide variety of retail, office, and mixed-use development possibilities. Built in 1977 and updated over the years, the single-storey building features a flexible open layout with reception, boardroom, meeting spaces, training room, kitchen, and storage, complemented by 14 on-site parking spaces. Located across from Mooneys Bay and surrounded by dense residential communities, national retailers, institutional facilities, and new mixed-use developments, the site offers excellent visibility, strong area demographics, and significant future redevelopment potential. Vendor is willing to leaseback the property for three years to accommodate developers and investors. Just minutes to downtown, the Ottawa International Airport, and major transit routes, this is an exceptional investment or owner-occupier opportunity in a high-demand commercial district.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
7,838 SF
Building Class
C
Year Built
1977
Price
$4,200,000 CAD
Price Per SF
$535.85 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
7,838 SF
Building FAR
0.34
Lot Size
0.53 AC
Zoning
GM1 F
Parking
20 Spaces (2.55 Spaces per 1,000 SF Leased)
1 1
Bike Score®
Very Bikeable (88)
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2821 Riverside Dr
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