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300 Parkdale Ave 29,421 SF Office Building Ottawa, ON K1Y 1G2 $5,975,000 CAD ($203.09 CAD/SF)
Investment Highlights
- Income Opportunity - The Owner will enter into a short-term sale leaseback of the Property with the Buyer, providing immediate investment income.
Executive Summary
Nestled within the rapidly gentrifying Parkdale Market neighborhood, this Property is improved with a 29,400 square foot, multi level office and industrial building, currently fully occupied by the Owner. The opportunity provides a buyer a short-term, income producing investment through a sale-leaseback with the Owner, supported by future high-density development potential.
The new City of Ottawa zoning by-law has predominately classified the neighborhood surrounding the Property as H2- Hub Zone 2, which allows for high-density development. 300 Parkdale is centrally nestled within this neighborhood with a unique IM - Mixed Industrial Zone designation, supporting a variety of unique commercial uses. This zoning provides a buyer an ability to use the Property for uses that will service this future high density district.
The new Official Plan and Scott Street Secondary Plan include this Property within the policy framework for future high-density development, supporting an exciting future place-making opportunity.
The new City of Ottawa zoning by-law has predominately classified the neighborhood surrounding the Property as H2- Hub Zone 2, which allows for high-density development. 300 Parkdale is centrally nestled within this neighborhood with a unique IM - Mixed Industrial Zone designation, supporting a variety of unique commercial uses. This zoning provides a buyer an ability to use the Property for uses that will service this future high density district.
The new Official Plan and Scott Street Secondary Plan include this Property within the policy framework for future high-density development, supporting an exciting future place-making opportunity.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
29,421 SF
Building Class
C
Year Built
1933
Price
$5,975,000 CAD
Price Per SF
$203.09 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
18,009 SF
Slab To Slab
9’
Building FAR
1.30
Lot Size
0.52 AC
Zoning
IL8 [104] F(1.0) H(13.5) - General Urban Area, Mixed Use Center within the Scott Street
Secondary Plan Boundary
Parking
20 Spaces (0.56 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Controlled Access
- Security System
- Signage
- Accent Lighting
- Partitioned Offices
Exceptionally walkable
100/100
Very drivable
80/100
Exceptional public transit
100/100
Very bikeable
80/100
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300 Parkdale Ave
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