Commercial Properties for Sale in Downtown

Ottawa Multifamily for Sale - Centretown-Byward

An exceptional investment opportunity awaits at 455-457 Somerset Street W, a turnkey six-unit multifamily property in the heart of Ottawa’s vibrant Centretown. This well-maintained asset generates a strong $125,496.90 NOI and trades at an attractive 5.60% cap rate, offering stable in-place cash flow with clear upside. One strategically vacant unit is positioned for renovation, offering immediate value-add potential and the ability to increase rents to market levels. Spacious, thoughtfully designed layouts across all six suites promote long-term tenant satisfaction and retention, while on-site parking provides additional revenue. The offering combines durability, income stability, and a defined pathway to enhanced returns. Located in Ottawa’s downtown core near Kent Street and just steps from Parliament Hill, the asset benefits from premier urban connectivity and infrastructure. Within 2 kilometres of Ottawa City Hall and the House of Commons of Canada, the building sits at the centre of Canada’s public-service employment base. Proximity to the University of Ottawa further strengthens rental demand from students and young professionals. Somerset Street offers immediate access to local restaurants, cafés, daily retail, and public transit, reinforcing consistent demand. The surrounding area serves more than 267,000 residents within a 5-kilometre radius, with projected population growth of 16% by 2033 and an average household income of approximately $97,000. Centretown continues to rank among Ottawa’s most resilient rental nodes, supported by a diverse tenant base that includes government employees, technology professionals, and international students. A large and stable public sector workforce reduces cyclical risk, while ongoing expansion from employers such as Nokia, Solink, Accenture, and Calian Group reinforces long-term job growth and housing absorption. Infrastructure investment and a growing technology ecosystem continue to elevate Ottawa’s profile as a stable capital market. 455-457 Somerset Street W delivers the rare combination of immediate income, upside, and premier downtown positioning.

Property Subtype:

Apartment

Date on Market:

2026-02-23

Ottawa Office for Sale - Centretown-Byward

Located in the heart of Centretown, just half a block from the vibrant shops and restaurants along Elgin Street, 222 Somerset Street West offers multiple office condos available for sale or lease, with a range of suite sizes and layouts. The Property provides convenient access to Highway 417 (the Queensway) and features both surface and underground parking. This central location offers exceptional proximity to numerous restaurants, cafés, and shops nearby.

Date on Market:

2026-01-27

Ottawa Office for Sale - Centretown-Byward

An exceptional investment opportunity in the heart of Ottawa’s Centretown, this distinguished three-storey office building with a full basement offers 6,128 square feet of well-designed space behind a classic brick façade. Floors 1-3: 4,531 sf Basement: 1,597 sf Purpose-built for professional use, the property combines timeless architectural appeal with modern functionality, ensuring enduring tenant demand. Strategically located at the crossroads of Downtown, Centretown West, Chinatown, and The Glebe, the building offers a prestigious business address with unmatched connectivity. Immediate access to Highway 417, major transit routes, and Ottawa’s core business and government districts enhances its appeal for a wide range of occupiers. Place your business at the crossroads of convenience and connectivity. Just steps from Bank Street and Elgin Street, tenants enjoy immediate access to Ottawa’s diverse dining, retail, and professional services. The building is minutes from Highway 417, providing effortless commutes across the city, while major bus routes and cycling paths further enhance accessibility. Its Centretown setting ensures proximity to government offices, the downtown financial district, and cultural landmarks, making it an ideal location for businesses seeking both prestige and practicality.

Date on Market:

2026-01-06

Ottawa Retail for Sale - Centretown-Byward

Prime commercial building in the heart of the Glebe - one of Ottawa’s trendiest neighbourhoods! A vibrant mix of restaurants, shops and tree lined streets with a rich history. The building is leased to 3 established tenants including Little Victories Cafe, Magpie Jeweller, and Viens Avec Moi Clothing (view lease terms on the following page below). Ideal investment opportunity.

Property Subtype:

Storefront

Date on Market:

2025-11-14

Ottawa Office for Sale - Centretown-Byward

Prime Downtown Ottawa Office Building for Sale. An exceptional opportunity for an owner-user or investor in the heart of downtown Ottawa. This standalone office building will be delivered vacant on closing as the current owner-occupier is relocating. The property is zoned for a wide range of commercial uses including diplomatic missions and medical offices, and also presents an excellent urban redevelopment opportunity. Existing zoning permits a building height of up to 23 meters, allowing for a mixed-use residential mid-rise with ground-floor retail. The building is BOMA-certified with 6,863 sq. ft. of usable/rentable area on a generously sized lot featuring 12 parking spaces. The main floor offers 1,701 sq. ft. with a reception area, boardroom, six enclosed offices, and a washroom. The second floor measures 2,029 sq. ft. and includes eight enclosed offices, an open bullpen area, and a washroom. The third floor includes four offices, a kitchenette, and access to the flat roof.Ideally situated within walking distance of the Elgin Street Courthouse, City Hall, and Parliament Hill, the property offers unbeatable accessibility. With a Walk Score of 100, Transit Score of 87, and Bike Score of 99, it is one of Ottawa's most connected urban addresses. Whether you are seeking a turn- key office building or a prime redevelopment site, this property offers exceptional potential and flexibility.

Date on Market:

2025-11-06

Ottawa Retail for Sale - Centretown-Byward

Located in the heart of Ottawa Centretown, directly across from the new James House condo development, a 2-minute drive to HWY 417 / the Glebe and surrounded by dense residential and commercial retail. This vacant building offers a ground-level 2,000 sqft retail unit with a separate entrance to the second floor, which includes two individual units, and an additional unit in the basement with a separate entrance. Each floor is approximately 2,000 sqft. The property includes six tandem rear parking spaces. HVAC systems were replaced, along with new grade-level windows and front doors, in 2016. This property presents an excellent opportunity for owner-users, while also offering the ability to generate additional rental income. Sale Price: $2,200,000 Ground Floor Ceiling Height: 10' Second Floor Ceiling Height: 9' Basement Ceiling Height: 8' Building SF: 6,147 SF Lot Size: 3,735 SF Parking Spots: 6 Tandem Electrcial: 100A@600V and 200A@240V HVAC: Separate HVAC's per Floor (2016) Roof: Flat (2025) Zoning: TM H(19)

Property Subtype:

Storefront Retail/Office

Date on Market:

2025-07-16

Ottawa Retail for Sale - Centretown-Byward

Situated in Centretown, this building boasts three levels of improved space. Each level is self-contained with large open areas, kitchens and two sets of washrooms. The building is equipped with an elevator that services each floor. With the current zoning, this building is well suited for a variety of users including group homes, diplomatic missions, rooming houses and more.

Date on Market:

2024-12-09

Ottawa Office for Sale - Centretown-Byward

Introducing a prime real estate opportunity in the heart of downtown. This secure building boasts an exceptional central location, making it the perfect choice for medical professionals and professional service businesses. Situated just steps away from the vibrant amenities along Somerset and Elgin Street, it offers convenience like no other. We're pleased to offer Suites 100, 200, 300, 405, 602/603 and 701 for lease or sale, presenting a rare opportunity to acquire an entire floor with direct elevator access. Custom fit-up packages are available, ensuring your space meets your exact needs. Take advantage of our aggressive Vendor Take Back (VTB) financing option and rest easy with both covered and surface parking options. With a professionally managed building, you can focus on your business while we take care of the rest. Don't miss out on this outstanding real estate opportunity. Broker protected. Purchaser/tenant allowance available. Contact us today to secure your space in this prime downtown location.

Date on Market:

2023-10-13

Ottawa Portfolio of properties for Sale - CBD

TD Cornerstone Commercial Realty Inc. and Cushman & Wakefield Ottawa (collectively, the “Advisors”), have been retained on an exclusive basis by KSV Restructuring Inc. in its capacity as receiver and manager (the "Receiver") of the property, assets and undertaking of Ashcroft Urban Developments Inc. including its interest in the real property known municipally as 101 Queen Street and 108-116 Sparks Street, Ottawa, Ontario (the "Property" or "Offering"). The Offering is located within a recently completed, modern mixed-use development steps away from Parliament Hill in downtown Ottawa and offers investors the opportunity to acquire and operate an established extended stay hotel property or reposition as a luxury rental apartment building.

Property Subtype:

Mixed Types

Date on Market:

2025-04-09

Ottawa Land for Sale - Centretown-Byward

This offering presents a rare opportunity to acquire a 14,241-square-foot development site in the highly sought-after Old Ottawa South neighborhood. Positioned at the intersection of Bank Street and Cameron Avenue, the property benefits from exceptional visibility and accessibility within a vibrant, mixed-use corridor. The site is zoned TM2H(15) – Traditional Mainstreet and R3P – Residential Third Density, allowing for a broad range of residential, retail, and commercial uses. Current zoning supports a building height of up to 15 meters, with potential for additional height and density subject to municipal approvals. The location offers strong fundamentals for long-term value creation, including proximity to Lansdowne Park, the Rideau Canal, Billings Bridge, and Carleton University. The area is characterized by excellent connectivity, a robust retail corridor, and sustained rental demand from students, professionals, and families. With flexible zoning, premium frontage, and a pedestrian-oriented streetscape, this property is ideally suited for a high-quality, community-oriented development aligned with the City’s growth objectives.

Property Subtype:

Commercial

Date on Market:

2026-04-06

Ottawa Multifamily for Sale - Centretown-Byward

$13M CMHC-insured 3.75% 40 year assumable Mortgage - A rare opportunity to acquire a purpose-built 40-unit building in the heart of Sandy Hill, within downtown Ottawa, delivering an impressive NOI of $715,980 and a major built-in value-add. Included with the offering is an approved, permit-ready addition directly beside the existing building, allowing for the development of 18 additional units, a future expansion opportunity exceptionally hard to find in today's market. All suites have been fully renovated since 2020, and along with the modernized finishes, unit layouts were thoughtfully optimized to improve livability and long-term rental performance. Previous ownership also completed substantial infrastructure upgrades, including hydro vault (2006), elevator rebuild to new (2010), roof (2012), lobby doors (2012), dual boilers (2014), and balcony updates (2015). These capital improvements significantly reduce near-term maintenance exposure while supporting premium furnished rents. The building offers a desirable mix of studio, one-bedroom, and two-bedroom suites, all fully furnished and with utilities included, attracting a strong and dependable tenant base of young professionals and students. Located along Laurier Avenue, the property benefits from unmatched proximity to downtown amenities, Ottawa University, government offices, and major transit corridors, making these units consistently easy to lease. This is a high-performing, centrally located multi-residential asset with a dynamic tenant pool, fully updated interiors, substantial capital improvements, and a shovel-ready expansion opportunity.

Property Subtype:

Apartment

Date on Market:

2026-03-26

Ottawa Office for Sale - Centretown-Byward

470 Somerset Street West offers a rare opportunity to acquire a fully renovated three-story red-brick office building in the heart of Ottawa’s Centretown. This standalone property provides 4,689 square feet of functional office space across three levels, complemented by six on-site parking spaces. The building’s layout is designed to accommodate a variety of professional uses, including design firms, law practices, and staffing agencies, with abundant natural light throughout.

Date on Market:

2026-03-20

Ottawa Multifamily for Sale - Centretown-Byward

Two adjacent 7-unit walk-up apartment buildings operated as a single, cohesive asset, offering streamlined management, simplified financing, efficient tax administration, and enhanced exit flexibility. This structure delivers immediate scale for private capital or family office investors while preserving the operational ease, lower regulatory exposure, and hands-on efficiency associated with non-portfolio multifamily ownership.

Property Subtype:

Apartment

Date on Market:

2026-03-06

Ottawa Office for Sale - Centretown-Byward

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.

Property Subtype:

Office/Residential

Date on Market:

2025-07-17

Ottawa Multifamily for Sale - Centretown-Byward

Property Subtype:

Apartment

Date on Market:

2026-01-14

Ottawa Office for Sale - Centretown-Byward

An opportunity to own a versatile Victorian-style office space in Ottawa's Centretown, steps from Ottawa's Financial District and minutes from Parliament Hill. Pride in ownership is evident throughout this classic office. Offering 2,532 sq. ft. plus 828 sq. ft. in partially finished lower level with +/- 10 offices, reception, kitchen, file room, records storage, and more. Rich in character, the space features original millwork, intricate wood trim, high ceilings and tall windows typical of a Victorian design. Perfect for professional offices, medical, dental, spa, wellness, legal, consulting, or non-profit users seeking a downtown address with unique character and charm. Ample on-site parking as well as 2 hour on-street parking. Surrounded by restaurants, cafes, government offices, banking, and retail, with access to LRT stations and public transit. This property combines location, visibility, and flexible functionality making it a strategic ownership opportunity for many users.

Date on Market:

2025-12-10

Ottawa Retail for Sale - Centretown-Byward

Calling all investors to 282-288 Dalhousie Street. A rare opportunity to acquire a well-maintained mixed-use building in the heart of Ottawas iconic ByWard Market. This high-visibility property offers strong street presence along one of the city's most vibrant commercial corridors, with ground-floor retail units and flexible office space above. Ideal for investors or owner-occupiers, the building provides excellent frontage, steady foot traffic, and versatile leasing potential.Originally constructed in the late 1960s and early 1970s, the property has been thoughtfully maintained over the years. The façade was updated in 2009, enhancing curb appeal and modernizing its look. The building is equipped with a poured concrete foundation, updated breaker panel electrical system, and mostly copper plumbing. A city-mandated back flow prevention system was installed in 2021 and is inspected annually, ensuring compliance and functionality. The roofing consists of both gravel and membrane flat sections. Positioned steps from Rideau Street, Parliament Hill, and surrounded by restaurants, shops, and cultural institutions, 282-288 Dalhousie Street is a solid long-term investment in one of Ottawas most desirable and historically rich business districts.

Property Subtype:

Storefront Retail/Office

Date on Market:

2025-11-21

Ottawa Office for Sale - Centretown-Byward

Step into a piece of Ottawa’s rich history with this extraordinary Queen Anne Revival-style property, originally built between 1904 and 1905. Designed by renowned lumber barons William H.A. Fraser, Ewen McLachlin, and David Gilmour, the residence includes a stunning main house and a grand carriage-house garage—both architectural gems brimming with character. This landmark property has a distinguished past, having served as the residence or headquarters for several prominent figures and institutions, including WWII flying ace Billy Bishop, the Italian Embassy, and the Victorian Order of Nurses. Lovingly restored and thoughtfully modernized by the current owners, the property seamlessly blends heritage charm with contemporary functionality. Now configured with a flexible, multi-tenant layout, it offers an inspiring and collaborative workspace tailored to meet today’s business demands—making it not only a unique piece of history but also a one-of-a-kind professional environment.

Date on Market:

2025-09-03

Ottawa Office for Sale - Centretown-Byward

Discover an exceptional opportunity in the heart of Sandy Hill! This expansive 5,390 sq. ft. lower-level commercial condo offers versatile space perfect for a variety of businesses. Featuring four fully built studios, male and female washrooms, ample storage, and private ground-level access with an elevator, this unit is designed for convenience and functionality. Zoned Traditional Mainstreet, the space is ideal for a church, yoga, dance studio, martial arts facility or other creative business ventures. Located within walking distance of the ByWard Market & Rideau Centre, this property benefits from high foot traffic, excellent visibility and easy access to public transit, with bus routes right on Rideau Street. Included with the unit are nine dedicated surface parking spaces, adding convenience for staff and visitors. Don't miss this rare chance to secure a prime commercial condo in one of downtown Ottawa's most vibrant neighborhoods!

Date on Market:

2025-08-18

Ottawa Portfolio of properties for Sale - Centretown-Byward

An exceptional opportunity to own a rare package of three properties that are sold together in one of Ottawa's most vibrant and high traffic neighbourhoods. 622 Somerset is a residential 4 plex, 628 is an ongoing retail business and 634 Somerset is an ongoing restaurant. Phase 2 environment in file, and a copy upon receiving an offer. Zoning is TM (Traditional Mainstreet) offering flexible mixed use potential. Total lot size is 11,440 SF. Prime site for future intensification. High pedestrian and vehicle traffic. Located in the heart of Chinatown, minutes to downtown and transit. Properties are sold as is. Whether you want to invest in passive income, run a business or redevelop down the road, this is your chance to secure a large urban footprint in a merging and diverse area.

Property Subtype:

Mixed Types

Date on Market:

2025-07-18

Ottawa Retail for Sale - Centretown-Byward

We are pleased to present this 5401 square foot fully occupied retail building located in a prime commercial area. The property is well-maintained and offers a turnkey investment opportunity with stable, long-term tenants. The building features ample parking, providing convenience for both tenants and customers. With its strategic location and strong tenant occupancy, this property offers excellent potential for continued rental income.

Property Subtype:

Storefront Retail/Office

Date on Market:

2025-05-13

Ottawa Retail for Sale - Centretown-Byward

This prime development opportunity is located just behind the Byward Market in Lowertown, Ottawa, surrounded by several hotels, retail stores, restaurants, and within close proximity to King Edward Ave. The parcel, measuring 8,276 square feet, is ideally situated for growth with current zoning that allows for the construction of a 6-story apartment building, with no variances needed. The lot currently hosts a two-floor, 3,936 square foot retail property, providing potential for redevelopment. Additionally, the location offers easy access to the Macdonald Cartier Bridge and Gatineau, Quebec, making it a highly desirable site for residential development in a bustling, central area.

Property Subtype:

Auto Repair

Date on Market:

2025-03-05

Ottawa Land for Sale - Centretown-Byward

Located on the corner of Bank & Lisgar (Southeast corner), 5 blocks south to LRT Parliament Station. Approved for 42 apartment units and ground floor retail over 6 floors. Current owner plans to build commercial retail on ground floor (approx. 4500 sf) and 6 floors of residential apartments (44 units) of approx. 7000 sf each floor. Current zoning will allow another 2 floors (9 floor total) – city may allow more. Site Plan Approved for 42 units.

Property Subtype:

Residential

Date on Market:

2024-11-14