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508 Rideau St 2,084 SF 100% Leased Retail Building Ottawa, ON K1N 5Z6 $1,795,000 CAD ($861.32 CAD/SF)

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Investment Highlights

Mixed commercial–residential freehold property on busy Rideau Street near the University of Ottawa and major condo developments.
Basement offers ample storage space with a two-piece bathroom and utility rooms.

Main floor features a fully equipped Chinese restaurant with kitchen, gas lines, seating area, and bathroom.
Upper level includes a three-bedroom residential unit with an ensuite and private rear parking for up to four vehicles.

Executive Summary

Mixed commercial/residential freehold property on bustling Rideau Street, near University of Ottawa and various condo developments. The main floor is currently setup as a Chinese restaurant with a fully equipped kitchen and spare natural gas lines for additional gas equipments, complete with a customer seating area and bathroom. The full basement is ideal for storage and includes a 2-piece bathroom and utility rooms. Upstairs is the residential portion where you'll find 3 bedrooms, including one with an ensuite bathroom. Private driveway with up to 4 parking spots at the rear. Come check out this fantastic opportunity for investment or development!

Property Facts

Sale Type

Investment or Owner User

Property Type

Retail

Property Subtype

Storefront Retail/Residential

Building Size

2,084 SF

Building Class

Year Built

1887

Price

$1,795,000 CAD

Price Per SF

$861.32 CAD

Percent Leased

100%

Tenancy

Multiple

Building Height

2 Stories

Building FAR

0.64

Lot Size

0.08 AC

Zoning

TM6

Frontage

27’ on Rideau St

Bus Line
Dedicated Turn Lane

Signage
Signalized Intersection

Vintage Building
Walking/Biking Trails

Public Transportation

Space Availability

Space
Size
Space Use
Position
Available

1st Floor
1,000 SF
Restaurant
-
60 Days

This ground-floor retail space offers a fully equipped restaurant setup in a high-visibility location along Rideau Street. The layout includes a commercial kitchen with existing gas lines, a customer seating area, and a restroom, making it ideal for food service or other retail uses. A full basement provides additional storage and utility rooms, along with a two-piece bathroom.