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505 O'connor St 4,400 SF 100% Leased Office Building Ottawa, ON K1S 3P6 $2,195,000 CAD ($498.86 CAD/SF)
INVESTMENT HIGHLIGHTS
- MEDICAL OFFICE & MULTI-FAMILY INVESTMENT
- Strategically positioned in Ottawa’s highly desirable Glebe neighbourhood
- 2 Residential units
EXECUTIVE SUMMARY
505 O’Connor Street presents a rare opportunity to acquire a mixed-use property in the heart of Ottawa’s highly desirable Glebe neighbourhood. Situated on the corner of O’Connor 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 recently upgraded boiler, furnace, a/c & 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 Glebe’s 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.
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 Glebe’s 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.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
4,400 SF
Building Class
B
Year Built
1913
Price
$2,195,000 CAD
Price Per SF
$498.86 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,200 SF
Building FAR
0.64
Lot Size
0.16 AC
Zoning
R1MM[504] H(10.5)
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Walk Score®
Walker's Paradise (95)
Bike Score®
Biker's Paradise (93)
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505 O'connor St
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