Downtown Commercial Properties for Sale

Commercial Real Estate in Downtown available for sale

Downtown Commercial Property for Sale

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455 Somerset St W

Ottawa, ON K1R 5J7

Multifamily for Sale
$2,240,000 CAD
5,500 SF

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.

Contact:

SLEEPWELL REALTY GROUP LTD

Property Subtype:

Apartment

Date on Market:

2026-02-23

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More details for 245 Laurier Av E, Ottawa, ON - Multifamily for Sale

Laurier Apartments - 245 Laurier Av E

Ottawa, ON K1N 6P7

Multifamily for Sale
$3,150,000 CAD
8,775 SF

24 Hour Access
Kitchen
Smoke Detector

Ottawa Multifamily for Sale - Centretown-Byward

An exceptional opportunity to acquire a multi-family asset in Sandy Hill, one of Ottawa’s most storied and sought-after neighbourhoods. The property comprises 14 bachelor units and one spacious four-bedroom apartment, offering a diverse unit mix well-suited to the surrounding rental market. Positioned just 400 metres from the University of Ottawa, the building draws consistent demand from students and young professionals, underpinning strong and reliable occupancy. Residents benefit from an unmatched walkable lifestyle — with restaurants, museums, parks, and the vibrant ByWard Market all steps away, alongside everyday essentials including grocery stores, the LCBO, and Shoppers Drug Mart. For investors, this property represents a rare chance to establish stable, long-term cash flow in one of the capital’s most enduring and in-demand urban communities. Interior photos available by request. Showings can be arranged with 48 hours of notice. Price: $3,150,000.00

Contact:

District Realty Corporation, Brokerage

Property Subtype:

Apartment

Date on Market:

2026-06-22

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More details for 46 Carlyle Ave, Ottawa, ON - Multifamily for Sale

Carlyle Apartments - 46 Carlyle Ave

Ottawa, ON K0A 1B0

Multifamily for Sale
$3,150,000 CAD
6,744 SF

Kitchen

Ottawa Multifamily for Sale - Centretown-Byward

46 Carlyle Avenue presents the opportunity to acquire a well maintained, income producing seven unit multi-family asset consisting of six four-bedroom units and one two-bedroom unit in one of Ottawa’s most established and supply constrained rental corridors. The property’s large format unit mix is exceptionally well suited to the surrounding student and shared housing market, supporting strong rental demand, durable occupancy, and attractive income generation within a high barrier urban location. Located steps from Carleton University and surrounded by the Glebe, Old Ottawa South, and Bank Street amenities, the asset benefits from a deep and reliable tenant base driven by education, employment, transit connectivity, and lifestyle appeal. Supported by stable in place cash flow and future rental growth potential, 46 Carlyle Avenue offers investors a compelling combination of scale, income stability, and long term value creation within Ottawa’s resilient apartment market. Positioned between the Glebe and Old Ottawa South, the property is surrounded by some of Ottawa’s most established and walkable neighbourhoods, known for their vibrant retail streets, restaurants, green space, and enduring residential appeal. Residents enjoy immediate access to Bank Street, the Rideau River pathway network, public transit, and downtown Ottawa, reinforcing the property’s long term attractiveness to students, young professionals, and urban renters alike. For multi family investors, the location offers a compelling combination of stable tenancy, proven rental demand, and lasting neighbourhood desirability.

Contact:

District Realty Corporation, Brokerage

Property Subtype:

Apartment

Date on Market:

2026-05-26

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304 O'connor St

Ottawa, ON K2P 1V7

Office for Sale
$975,000 CAD
1,670 SF

Ottawa Office for Sale - Centretown-Byward

Prominently situated on a high-visibility corner along O'Connor Street in Ottawa, this property offers exceptional exposure in a rapidly evolving corridor. The building comprises approximately 1,670 square feet over two levels and has been used as office space for numerous years. The layout features a welcoming reception area, multiple private offices, and a generous main floor boardroom, providing a functional layout and efficient layout. A rare advantage in this location, the site includes on-site parking for approximately six vehicles. This is a compelling opportunity for an owner-occupier/investor seeking immediate usability combined with meaningful long-term upside. A conceptual plan outlines the potential for a six-storey 20 unit residential redevelopment including ground floor office, aligning with ongoing intensification in the surrounding area. The recent announcement of the Taggart development at 267 O'Connor introducing 517 residential units across two landmark buildings-further reinforces the strength and trajectory of this location. Buyers are encouraged to verify for both permitted and intended use. Concept plans are available upon request, offering a clear vision of the future potential.

Contact:

Avison Young

Date on Market:

2026-04-22

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More details for 222 Somerset St W, Ottawa, ON - Office for Sale

Two Twenty Two Somerset - 222 Somerset St W

Ottawa, ON K2P 2G3

Office for Sale
$299,000 - $1,650,000 CAD
851 - 6,660 SF
6 Units Available

Air Conditioning
Security System
Controlled Access
Wheelchair Accessible
Smoke Detector

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.

Contact:

Cushman & Wakefield Ottawa

Date on Market:

2026-01-27

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226 Argyle Ave

Ottawa, ON K2P 1B9

Office for Sale
$2,950,000 CAD
6,128 SF

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.

Contact:

District Realty Corporation, Brokerage

Date on Market:

2026-01-06

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307 Gilmour St

Ottawa, ON K2P 0P7

Office for Sale
$2,649,000 CAD
6,863 SF

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.

Contact:

Royal Lepage Integrity Realty

Date on Market:

2025-11-06

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237 Metcalfe St

Ottawa, ON K2P 1R2

Office for Sale
$3,850,000 CAD
10,280 SF

Ottawa Office for Sale - Centretown-Byward

Located at the corner of Somerset Street in Centretown Ottawa, 237-239 Metcalfe Street is a distinguished three-storey Victorian-style heritage building constructed between 1876 and 1877 and extensively refurbished. The property comprises a three-storey office building with a partially finished basement and onsite exterior parking. It offers an above-grade gross floor area (GFA) of 7,367 square feet (sf), plus an additional 2,940 sf of finished and unfinished basement space, for a total building area of approximately 10,307 sf. Office improvements include; +/- 15 offices, with one (1) executive boardroom, three (3) meeting rooms, seven (7) washrooms, one (1) shower, one (1) kitchen. There are +/- 12 surface on-site parking spaces. Ideally situated in the heart of Centretown, the building enjoys proximity to parks, restaurants, schools, and essential services. Its central location provides excellent accessibility-just minutes from Highway 417 and approximately 1km from the Parliament LRT station-making it a highly convenient and strategic address for any business.

Contact:

Avison Young

Date on Market:

2025-11-03

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391 Bank St

Ottawa, ON K2P 1Y3

Retail for Sale
$1,950,000 CAD
6,147 SF

Security System
Controlled Access

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)

Contact:

Cantor Realty Corp.

Property Subtype:

Storefront Retail/Office

Date on Market:

2025-07-16

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330 Kent St

Ottawa, ON K2P 2H3

Retail for Sale
$2,495,000 CAD
15,000 SF

Security System

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.

Contact:

Avison Young

Date on Market:

2024-12-09

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235-241 Bank St

Ottawa, ON K2P 1X2

Land for Sale
$2,600,000 CAD
0.25 AC Lot

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.

Contact:

Shaker Realty Ltd.

Property Subtype:

Residential

Date on Market:

2024-11-14

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101 Queen Street & 108-116 Sparks Street

Mixed Types for Sale
Price Upon Request
3 Properties | Mixed Types

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.

Contact:

Cushman & Wakefield Ottawa

Property Subtype:

Mixed Types

Date on Market:

2025-04-09

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204 Dalhousie St

Ottawa, ON K1N 7C8

Retail for Sale
$3,750,000 CAD
11,240 SF

Security System
Controlled Access
Restaurant

Ottawa Retail for Sale - Centretown-Byward

Fully leased mixed-use retail/residential building in Ottawa's historic and vibrant ByWard Market, positioned close to Rideau St, O-Train, surrounded by restaurants, shops, and cultural institutions. Comprising of 4 ground floor retail units (totalling 4162sf ) and 7 apartments over second/third floors (totaling 7078sf over 2 floors). All apartments are 2bed and 3bed units, with 3-storey townhouse-style units (x3) along Dalhousie St, and recently fully renovated apartments (x4) along St Andrew St. Over $800k spent on improvements since 2019, including hvac, foundation, structural items. CM1 (Minor Corridor Zone 1) zoning supports a wide range of commercial and residential uses. Inquire for additional information and financials.

Contact:

Synercapital Investment Realty

Property Subtype:

Storefront Retail/Residential

Date on Market:

2026-07-01

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621 Somerset St W

Ottawa, ON K1R 5K3

Retail for Sale
$879,270 CAD
2,070 SF

Ottawa Retail for Sale - Centretown-Byward

621 Somerset Street offers an established urban retail asset situated in the heart of Ottawa Centre’s Somerset corridor, one of the city’s most recognized commercial and cultural districts. Positioned on a high-traffic roadway, this freehold property provides unrivaled street visibility and walkable accessibility to a diverse consumer base. At approximately 3,786 square feet, the property benefits from tenant-improved interiors and existing retail fit-outs that support continued income generation while allowing flexibility for ownership strategies. With near-term lease expiries, the purchaser gains opportunities to extend current tenancies or reposition the asset for higher and better use, whether retail-driven or mixed commercial. The zoning (TM [2185]H(16)) permits a wide range of commercial and residential applications, broadening the scope for adaptive reuse and future redevelopment potential. Located in proximity to Ottawa’s central civic institutions, multifamily density, and mass transit connections, this asset meets the needs of seasoned investors and owner-users seeking long-term stability within a mature market corridor.

Contact:

CBRE

Property Subtype:

Storefront Retail/Residential

Date on Market:

2026-07-01

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474 Somerset St W

Ottawa, ON K1R 5J8

Office for Sale
$838,000 CAD
2,353 SF

Ottawa Office for Sale - Centretown-Byward

This property presents an exceptional investment opportunity in the heart of Ottawa’s Centretown, nestled between Chinatown and Little Italy along one of the city’s most vibrant urban corridors. Priced at $938,000, the property is positioned on a 29-foot by 110-foot lot and includes five rear parking spaces. Zoned TM14 H(20), it offers remarkable flexibility for a range of commercial, mixed-use, or multi-residential developments with allowable building heights of up to 20 meters. This zoning unlocks significant potential for future redevelopment in line with Ottawa’s intensification plans. Currently configured for income generation, the building accommodates seven fully furnished residential units (previously office use) supported by two shared kitchens and two bathrooms. Over $100,000 in renovations have been completed to elevate the property’s appeal, providing both immediate rental revenue and long-term value-add prospects. Potential gross income when fully occupied is estimated at $116,832 annually, positioning the property as a rare hybrid of strong cash flow and redevelopment upside. Located in a highly walkable area with a near-perfect walk score of 99, this property benefits from proximity to employment hubs, retail corridors, parks, public transit, and major downtown amenities. It is an unmatched fit for developers, investors, and owner-users seeking substantial appreciation prospects in a rapidly evolving submarket.

Contact:

Re/Max Hallmark Realty Group

Date on Market:

2026-06-29

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636 Somerset St W

Ottawa, ON K1R 5K3

Retail for Sale
$999,000 CAD
4,302 SF

Ottawa Retail for Sale - Centretown-Byward

636 Somerset Street West presents a rare mixed-use investment or owner-occupier opportunity in the heart of Ottawa’s Centretown. This well-maintained detached red-brick building offers a blend of classic character and modern functionality, featuring bright commercial space on the main level with large storefront windows, high ceilings, and hardwood floors. The upper level includes a fully self-contained two-bedroom residential unit with a full kitchen, living area, and in-unit laundry, making it suitable for flexible use or additional income potential. The property offers covered front porch charm and onsite parking for up to four vehicles via a shared laneway. Situated along the vibrant Somerset corridor, it benefits from strong pedestrian traffic, convenient access to downtown Ottawa, major transit routes, and surrounding neighborhoods including Chinatown and Little Italy. This location offers excellent exposure for businesses and long-term upside for investors.

Contact:

CDNGLOBAL

Property Subtype:

Storefront

Date on Market:

2026-06-26

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221 Echo Dr

Ottawa, ON K1S 1N1

Retail for Sale
$4,500,000 CAD
9,964 SF

Security System
Restaurant
Waterfront

Ottawa Retail for Sale - Centretown-Byward

Exceptional mixed-use development opportunity in the heart of Old Ottawa East. Offered as a three-parcel land assembly comprising 3 Hawthorne Avenue & 221 Echo Drive, with approximately 925.73 m (9,964 sq. ft.) of combined land area. Preliminary zoning review indicates proposed MS1 [2222] H(20) zoning, permitting building heights up to 20 metres with no mandatory minimum parking requirements. Conceptual development analysis suggests the potential for approximately 36,000-45,000 sq. ft. of gross buildable area, with commercial uses at grade and mid-rise residential development above. Prominent corner location with significant frontage along Colonel By Drive and Hawthorne Avenue, directly adjacent to the Rideau Canal corridor and minutes from downtown Ottawa, Lansdowne Park, Main Street, Elgin Street, and Highway 417. Property being offered as one assembly. Buyers to complete their own due diligence regarding zoning, development potential, permitted uses, servicing, and approvals.

Contact:

SLEEPWELL REALTY GROUP LTD

Property Subtype:

Restaurant

Date on Market:

2026-06-26

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144 Renfrew Av

Ottawa, ON K1S 1Z8

Multifamily for Sale
$4,995,000 CAD
9,390 SF

Roof Terrace

Ottawa Multifamily for Sale - Centretown-Byward

CDN GLOBAL (OTTAWA) LTD. is proud to present 144 Renfrew Avenue, a rare and sophisticated investment opportunity situated at the high-visibility corner of Renfrew and Bronson Avenue. This meticulously maintained, three-storey mixed-use building caters to the city's increasing demand for modern, open-concept living, while the ground-floor retail space benefits from the continuous foot traffic of the Bronson Avenue corridor. Constructed to modern standards, the building features a striking exterior of red brick and grey stucco finishes complemented by sleek, flat rooflines and expansive floor-to-ceiling windows. The property offers a diverse and well-balanced unit mix, consisting of 13 residential apartments, ranging from efficient bachelors to a spacious three-bedroom suite, alongside a prime ground-floor commercial unit currently occupied by Sandy’s Flowers & More. Every residential unit is designed with an open-concept layout and premium finishes, including stainless steel appliances, in-suite laundry, and contemporary kitchens, while the stunning rooftop deck provides an exclusive amenity space with panoramic views of the surrounding cityscape. Beyond its aesthetic appeal, the property is professionally managed to ensure regular upkeep and high-quality renovations during tenant turnover. With its combination of income diversity, modern construction, and an unbeatable location, 144 Renfrew Avenue represents a high-caliber addition to any investment portfolio.

Contact:

CDNGLOBAL

Property Subtype:

Apartment

Date on Market:

2026-05-21

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More details for 108 3rd Ave, Ottawa, ON - Multifamily for Sale

Glebe Court Condominiums - 108 3rd Ave

Ottawa, ON K1S 5B1

Retail for Sale
$973,500 CAD
1,083 SF
1 Unit Available

Air Conditioning
24 Hour Access
Kitchen
Smoke Detector

Ottawa Multifamily for Sale - Centretown-Byward

ATTN INVESTORS!! Welcome to 108 Third Ave Unit 3 - A Prime Commercial Opportunity in the heart of the GLEBE. Discover this spacious 1947 sq ft commercial condo unit, currently tenant-occupied by Canada Post. Don't miss your chance to own a piece of commercial space in the highly south after are of the Glebe with a A+ tenant for a steady income stream!

Contact:

Fidacity Realty

Property Subtype:

Apartment

Date on Market:

2026-04-23

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54 Centennial Blvd

Ottawa, ON K1S 0M9

Multifamily for Sale
$1,900,000 CAD
6,738 SF

Ottawa Multifamily for Sale - Centretown-Byward

Turnkey 6-unit investment opportunity in a strong rental location with significant upside potential. This well-maintained building features 2 two-bed, 2 two-bed + den, and 2 one-bed units with a current gross income of $102,316.92 and NOI of $73,429.92. Recent capital improvements include a full roofing system replacement in 2025, extensive masonry repairs in 2025 including brick replacement, repointing and structural crack remediation, and front entrance landscaping and concrete work completed in 2024. The pride of ownership is evident throughout with meticulously maintained exterior, common areas and landscaping. Unit mix offers strong rental growth potential, with the most recent lease (Unit 3) achieving $2,000/month, highlighting upside on remaining two-bedroom units. The property includes 6 parking spaces and a garage currently used by the owner. A 2010 survey indicates potential for future development, with a large frontage and irregular lot allowing for reconfiguration of parking to unlock additional density. Additional value-add potential exists in the basement with storage and hydro meter rooms adjacent to Unit 1, offering the possibility of consolidation to enhance unit size or functionality. A rare opportunity to acquire a well-cared-for asset with both immediate income and long-term development potential.

Contact:

SLEEPWELL REALTY GROUP LTD

Property Subtype:

Apartment

Date on Market:

2026-04-22

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1235 Bank St

Ottawa, ON K1S 3Y3

Land for Sale
$3,500,000 CAD
0.33 AC Lot

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.

Contact:

CBRE, Limited

Property Subtype:

Commercial

Date on Market:

2026-04-06

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84 Fourth Av

Ottawa, ON K1S 2L2

Multifamily for Sale
$1,695,000 CAD
3,000 SF

Ottawa Multifamily for Sale - Centretown-Byward

Turnkey 4-unit income property in the heart of the Glebe generating $96,724 in gross annual income with a strong NOI of $73,705, offering an exceptional opportunity for investors seeking stable cash flow and long-term upside in one of Ottawa's most sought-after rental markets. This well-maintained building features three legal units plus a fourth non-conforming basement suite, which includes a proper egress window providing a secondary means of escape. Current rents are highly attractive with Unit 1 (main floor 2 bed + den) at $2,700/month, Unit 2 (second level 2 bed + den) at $2,500/month, Unit 3 (third level 1 bed) at $1,891/month, and Unit 4 (basement 1 bed) at $969/month. Each of the upper three units enjoys private outdoor space, including an oversized patio for the main floor unit, significantly enhancing tenant appeal and retention. The property also offers shared laundry facilities and rare on-site parking for four vehicles-a premium feature in the Glebe-including a detached garage with two spaces and two additional surface spots. Beyond the numbers, the building stands out with its character, charm, and architectural presence, blending classic design with functional layouts that consistently attract high-quality tenants. Located in a prime, walkable neighbourhood with strong rental demand, this is an asset where vacancy is virtually nonexistent and tenant quality remains consistently high.

Contact:

SLEEPWELL REALTY GROUP LTD

Property Subtype:

Apartment

Date on Market:

2026-04-02

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113 Murray St

Ottawa, ON K1N 5M5

Office for Sale
$1,200,000 CAD
3,391 SF

Ottawa Office for Sale - Centretown-Byward

Grand Victorian classic with all the charm and architectural detailing you would expect of this era. Approximately 3300 sq ft with large rooms [the main floor itself is over 1400 sq'], bay windows, high ceilings, tall baseboards. The zoning will allow just about any use you can imagine. Located a few doors from the French Baker, Dalhousie Street - the original "urban village", 1/2 a block from the Rainbow Club and the heart of the tourist mecca and nightlife scene, the Byward Market. Has a kitchen, 3 washrooms. Special features are a private gated driveway for ~4 vehicles in impressive interlock stone pavers, plus it leads to a 32' x 18' modern concrete garage with a 10' wide overhead door. Recent forced air gas furnace 3 years old, back roof ~3 years and the front roof ~10 years.

Contact:

Remax Hallmark Realty Group

Date on Market:

2025-11-20

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Commercial Properties for Sale in Downtown

View All Available Listings

How many commercial properties are available for sale in Downtown?

There are currently 39 commercial properties available for sale in Downtown, offering a unique opportunity for businesses to establish a presence.

How big are the commercial properties available for sale in Downtown?

The average size of commercial properties available for sale in Ottawa is about 34,078 SF. The largest commercial properties available to buy is 331,416 SF and the smallest is 851 SF. The size of the space you'll need will depend on a variety of factors including number of employees, amenities required, parking requirements, etc.

What's the cap rate for commercial properties in Downtown?

The average market cap rate for commercial properties for sale is about 4.67% based on data provided in Downtown. Learn more about how cap rates are calculated.

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