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5459 Canotek Rd 4,800 SF Condo Units Offered at $1,415,000 - $1,450,000 CAD Per Unit in Gloucester, ON K1J 9M3
Investment Highlights
- Concrete structural frame, brick masonry and contemporary exterior finishes.
- 200 Amp electrical service available.
- 20' Ceiling clearance in industrial space, 8' ceilings in office space.
2 Units Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | No. Parking Spaces | 6 |
| Cap Rate | 8.28% |
| Sale Type | Investment |
| Cap Rate | 8.28% |
| No. Parking Spaces | 6 |
Sale Notes
Sale and lease-back opportunity in Ottawa's established Canotek Business Park. Unit 1 offers approximately 4,629 SF of versatile space, including 1,195 SF of ground-floor office, 1,190 SF of bright second-floor office, and approximately 2,244 SF of warehouse space featuring 20-foot clear ceilings and existing high-bay storage racking.
The warehouse has been extensively improved for temperature-controlled
operations with two walk-in coolers/freezers (approximately 12' x 7' and 12' x 10') and a large walk-in freezer measuring approximately 23' x 17.5', making the property ideal for food-related, pharmaceutical, or specialized industrial uses.
The building underwent significant capital improvements in 2021, including a new
roof, new HVAC system, refreshed exterior paint, and newly paved and lined parking lot, providing a turnkey investment with minimal near-term capital requirements.
The current owner is willing to lease back the entire ground floor at $10,000 per
month (gross/all-inclusive), providing immediate rental income for an investor while leaving the 1,190 SF second-floor office available for new owner occupancy or lease to an additional tenant.
The warehouse has been extensively improved for temperature-controlled
operations with two walk-in coolers/freezers (approximately 12' x 7' and 12' x 10') and a large walk-in freezer measuring approximately 23' x 17.5', making the property ideal for food-related, pharmaceutical, or specialized industrial uses.
The building underwent significant capital improvements in 2021, including a new
roof, new HVAC system, refreshed exterior paint, and newly paved and lined parking lot, providing a turnkey investment with minimal near-term capital requirements.
The current owner is willing to lease back the entire ground floor at $10,000 per
month (gross/all-inclusive), providing immediate rental income for an investor while leaving the 1,190 SF second-floor office available for new owner occupancy or lease to an additional tenant.
| Sale Type | Investment | No. Parking Spaces | 6 |
| Sale Type | Investment |
| No. Parking Spaces | 6 |
Description
Excellent investment opportunity featuring single industrial condo unit for sale in the Canotek
Business Park with approx. 4,800 SF of flexible space over 2 levels. Unit 4 offers approx. 1,200 SF
of welcoming ground floor showroom space, approx. 1,200 SF of bright 2nd floor office space
and approx. 2,400 SF of warehouse space with 20' ceilings for optimal high storage racking.
Grade loading door at rear, 9 parking spaces and 200 amp service. Currently set up with paint
booth and venting in place. Fully renovated (2021) including a new roof, new HVAC system, fresh
exterior paint, new asphalt and parking lot lines. This purchase opportunity is ideal for a
business owner looking to make a long term investment and build equity. Please call us to learn
how you can own while paying similar monthly costs as leasing.
Business Park with approx. 4,800 SF of flexible space over 2 levels. Unit 4 offers approx. 1,200 SF
of welcoming ground floor showroom space, approx. 1,200 SF of bright 2nd floor office space
and approx. 2,400 SF of warehouse space with 20' ceilings for optimal high storage racking.
Grade loading door at rear, 9 parking spaces and 200 amp service. Currently set up with paint
booth and venting in place. Fully renovated (2021) including a new roof, new HVAC system, fresh
exterior paint, new asphalt and parking lot lines. This purchase opportunity is ideal for a
business owner looking to make a long term investment and build equity. Please call us to learn
how you can own while paying similar monthly costs as leasing.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1 | 4,800 SF | Industrial | $1,450,000 CAD ($302.08 CAD/SF) | $120,000 CAD |
| Unit 4 | 4,800 SF | Flex | $1,415,000 CAD ($294.79 CAD/SF) | - |
Unit 1
| Unit Size |
| 4,800 SF |
| Condo Use |
| Industrial |
| Price |
| $1,450,000 CAD ($302.08 CAD/SF) |
| NOI |
| $120,000 CAD |
Unit 4
| Unit Size |
| 4,800 SF |
| Condo Use |
| Flex |
| Price |
| $1,415,000 CAD ($294.79 CAD/SF) |
| NOI |
| - |
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Unit 1
| Unit Size | 4,800 SF |
| Condo Use | Industrial |
| Price | $1,450,000 CAD ($302.08 CAD/SF) |
| NOI | $120,000 CAD |
| Sale Type | Investment |
| Cap Rate | 8.28% |
| No. Parking Spaces | 6 |
| Sale Notes | |
| Sale and lease-back opportunity in Ottawa's established Canotek Business Park. Unit 1 offers approximately 4,629 SF of versatile space, including 1,195 SF of ground-floor office, 1,190 SF of bright second-floor office, and approximately 2,244 SF of warehouse space featuring 20-foot clear ceilings and existing high-bay storage racking.<br> <br> The warehouse has been extensively improved for temperature-controlled<br> operations with two walk-in coolers/freezers (approximately 12' x 7' and 12' x 10') and a large walk-in freezer measuring approximately 23' x 17.5', making the property ideal for food-related, pharmaceutical, or specialized industrial uses.<br> The building underwent significant capital improvements in 2021, including a new<br> roof, new HVAC system, refreshed exterior paint, and newly paved and lined parking lot, providing a turnkey investment with minimal near-term capital requirements.<br> <br> The current owner is willing to lease back the entire ground floor at $10,000 per<br> month (gross/all-inclusive), providing immediate rental income for an investor while leaving the 1,190 SF second-floor office available for new owner occupancy or lease to an additional tenant.</li></ul> |
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Unit 4
| Unit Size | 4,800 SF |
| Condo Use | Flex |
| Price | $1,415,000 CAD ($294.79 CAD/SF) |
| NOI | - |
| Sale Type | Investment |
| No. Parking Spaces | 6 |
| Description | |
| Excellent investment opportunity featuring single industrial condo unit for sale in the Canotek<br> Business Park with approx. 4,800 SF of flexible space over 2 levels. Unit 4 offers approx. 1,200 SF<br> of welcoming ground floor showroom space, approx. 1,200 SF of bright 2nd floor office space<br> and approx. 2,400 SF of warehouse space with 20' ceilings for optimal high storage racking.<br> Grade loading door at rear, 9 parking spaces and 200 amp service. Currently set up with paint<br> booth and venting in place. Fully renovated (2021) including a new roof, new HVAC system, fresh<br> exterior paint, new asphalt and parking lot lines. This purchase opportunity is ideal for a<br> business owner looking to make a long term investment and build equity. Please call us to learn<br> how you can own while paying similar monthly costs as leasing.</li></ul> |
Property Facts
The following property facts, amenities, and utilities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 28,800 SF | Typical Floor Size | 14,400 SF |
| Property Type | Flex | Year Built | 1988 |
| Property Subtype | Light Manufacturing | Lot Size | 1.19 AC |
| Building Class | B | Parking Ratio | 1.39/1,000 SF |
| Floors | 2 | ||
| Zoning | IL 2 H(14) - Light Industrial | ||
| Total Building Size | 28,800 SF |
| Property Type | Flex |
| Property Subtype | Light Manufacturing |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 14,400 SF |
| Year Built | 1988 |
| Lot Size | 1.19 AC |
| Parking Ratio | 1.39/1,000 SF |
| Zoning | IL 2 H(14) - Light Industrial |
Amenities
- Signage
- Air Conditioning
Utilities
- Gas
- Heating - Gas
Somewhat walkable
30/100
Exceptionally drivable
100/100
Some public transit
50/100
Exceptionally bikeable
90/100
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5459 Canotek Rd
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