Commercial Properties for Sale in Westboro

Ottawa Retail for Sale - Tunney's Pasture

Exceptional opportunity to own a single use building in a prime location in the heart of Little Italy! Occupied by the established and successful La Favorita Restaurant. Building is for sale for owner occupier with 6-12 month notice OR a new net lease back option providing a great income/stability for a new building investor . Building has been completely renovatied over the past 15 years. Large outdoor patio on the property. 2800 ssf of interior space including useable mezzanine plus small office/apartment on 2nd floor. High ceiling provide an impressive "wow factor" as you walk into the space. Located across from the largest office/retail/residential completed on Preston St - Preston Square. The area is experiencing vast growth and development with many new high rise condo/apartments, the future Ottawa Hospital Campus at Preston and Carling and future home of the Ottawa Senators New NHL Arena at Lebreton Flats.

Property Subtype:

Restaurant

Date on Market:

2025-11-14

Ottawa Multifamily for Sale - Tunney's Pasture

UNDER CONSTRUCTION 7 is one side only - separate duplexes- Charming brownstone-inspired design investment property in the heart of the Civic Hospital neighbourhood, perfectly positioned for steady rental demand from medical staff, students and urban professionals. This two-unit building features a generous 3-bedroom, 3-floor duplex (Unit 1) plus a bright 1-bed/1bath apartment (Unit 2). Expected 3.8% cap rate; tenants pay all utilities. Property highlights: Unit 1: Three bedrooms spread over three floors bright, townhouse-style layout with classic brownstone curb appeal Unit 2: One bedroom, one bathroom efficient and easy to lease Attractive façade and modern interior finishes (brownstone-modelled design)Tenants responsible for all utilities simplifies owner expenses and management Ideal investment for doctors, nurses or investors seeking close proximity to healthcare employment Neighbourhood & lifestyle: In the Civic Hospital area steps to The Ottawa Hospital (Civic campus) and rapid access to transit Short walk to Little Italy: excellent cafés, authentic Italian restaurants and specialty grocers for memorable dining and shopping Scenic walks along the Rideau Canal and around Dows Lake spectacular tulip displays each spring and beautiful water views year-round Central Experimental Farm and its botanical gardens: peaceful walking paths and seasonal displays right nearby Enjoy skating on the 7.8 km Rideau Canal Skate way in winter and lively outdoor recreation in warmer months Investment notes: Expected cap rate: 3.8% (prospective buyers should verify figures and review income/expense statements)Strong tenant pool due to proximity to hospitals, research and schools For full financials, floor plans and to schedule a showing, contact the listing agent. This is a rare opportunity to own a stylish, income-producing property in one of the city's most desirable, walkable neighbourhoods. (Under construction, expected completion November 30th, 2025) Raised basement apartment 602 sqft. Simi-detached

Property Subtype:

Apartment

Date on Market:

2025-09-15

Ottawa Multifamily for Sale - Tunney's Pasture

INVESTOR ALERT - 5.5% CAP RATE IN LITTLE ITALY.Exceptional opportunity to acquire a 6-unit multi-residential asset in one of Ottawa's most supply-constrained and high-demand rental markets. This property offers a strong and versatile unit mix of three 2-bedroom units, two 3-bedroom units, and one 1-bedroom unit, delivering immediate income with long-term upside. Current cap rate of approximately 5.5% provides a compelling return in a premium urban location. Two units feature large private decks, a rare value-add in central Ottawa that supports tenant retention and potential rental premiums. A rear parking lot further enhances tenant demand and income stability. Numerous updates and renovations have already been completed, reducing near-term capital expenditures, while remaining cosmetic improvements present a clear opportunity to further increase rents and overall asset value. Each unit offers functional layouts with generous living spaces, appealing to a broad tenant base including professionals, families, and students. The location drives consistent occupancy, situated steps from Preston Street's vibrant restaurant and retail corridor, and minutes to Dow's Lake, the Arboretum, Carleton University, the O-Train, and major downtown employment hubs. This is a rare chance to secure a 6-plex in Little Italy at a 5.5% cap rate-a combination of yield, location, and upside that is increasingly difficult to find. Ideal for investors seeking strong cash flow, future rent growth, and long-term appreciation. Act quickly. Some images have been virtually staged to protect tenant privacy.

Property Subtype:

Apartment

Date on Market:

2025-09-15

Ottawa Retail for Sale - Tunney's Pasture

This offering presents a compelling investment opportunity in the highly desirable Parkdale Market neighborhood of Ottawa. This stand-alone, two-storey commercial building at 1195 Wellington Street West occupies a prominent corner lot with approximately 4,607 square feet of land and a 2 storey building with a total area of approximately 2,511 square feet (above grade) and a finished basement. This property represents a stable and promising investment in a sought-after Ottawa location. Its combination of a prime location, attractive features, existing tenancy, and ample parking makes it an ideal opportunity for investors seeking long-term capital appreciation and consistent cash flow. Further details, including financial performance and tenant information, are available upon request.

Property Subtype:

Freestanding

Date on Market:

2025-09-10

Ottawa Multifamily for Sale - West Central

Space will be available for vacant possession on or before November 1, 2025. Both ground floor / street access off of Byron Ave., as well as building access off of Golden Ave., for elevator / handicap access and to the underground parking. Although there are two separately legal descriptions, such that the two parcels could technically be conveyed separately, the two properties are physically connected and are governed by a single occupancy permit. In Ottawa, the TM zoning designation, which is the "Traditional Mainstreet, Urban Exception 83," is a zoning zone that allows for a variety of uses, including commercial and residential, while also permitting specific additional uses defined in the urban exception. This zoning zone permits a wide range of uses, including retail, office, and residential, and the "Urban Exception 83" adds specific allowed uses, which can be obtained from the City of Ottawa. The owner would also consider leasing the unit at $23.00 per sq. ft. triple net. Condominium Fees also include gas and water. Heating System is actually Forced Air (Hydronic), not electric.

Property Subtype:

Apartment

Date on Market:

2025-06-04

Ottawa Retail for Sale - Tunney's Pasture

691-701 Somerset Street West is the one Chinatown’s most recognizable and identifiable commercial properties. Immediately visible from the Royal Gateway at Bronson Avenue this investment represents the opportunity to own a prestigious location, solid investment, and a site for potential redevelopment. The property is currently 100% leased.

Property Subtype:

Storefront Retail/Office

Date on Market:

2021-02-23

Ottawa Specialty for Sale - West Central

This four-storey commercial building totaling 19,260 sq ft is well-located on Richmond Road, just steps from the upcoming New Orchard LRT station. The property benefits from excellent connectivity, with close proximity to the Kichi Zibi Mikan Parkway and convenient access to Highway 417. Zone TM - Traditional Mainstreet, the site permits a wide range of commercial uses and offers strong long-term flexibility. The property is being offered with a sale-leaseback, with lease terms to be negotiated, providing purchasers with immediate stabilized income and long-term redevelopment potential. Combined with its transit-oriented location and established urban setting, the property presents compelling future redevelopment potential.

Date on Market:

2026-01-22

Ottawa Office for Sale - West Central

Date on Market:

2025-11-04

Ottawa Office for Sale - West Central

Welcome to 365 Richmond Road, a beautiful commercial property located in Westboro hitting the market for the first time in over 50 years! A rare and unique opportunity to acquire a stunning 6,000 SF office and retail property with a striking street front address. This property was initially built in 1913 by John E. Cole for the Bank of Ottawa to support the demand for a much needed local financial institution. Currently home to the Frontline Financial Credit Union and to Core Connections Physiotherapy, this property has been serving the community ever since. 365 Richmond Road is nestled in one of the city's trendiest neighbourhood's which hosts an exiting mix of retail boutiques, pubs, cafés, top tier dining experiences, art galleries, the GCTC, health and fitness studios, to name a few, combined with beautiful green landscapes and a connection to nature. In this area, whether you're at work or at home, people have access to walk and cycle alongside the Ottawa River, kayak the nearby rapids or rest at the beach. This property's premium location also includes convenient access to public transit, the highway and several important event centres such as Lebreton Flats, Parliament Hill, Gatineau Park and the Experimental Farm. With 76 feet of premium frontage on Richmond Road, 0.33 acres of land and a large parking lot, this commercial building in Westboro has it all. (41248491)

Date on Market:

2025-10-02

Ottawa Portfolio of properties for Sale - Tunney's Pasture

CBRE Limited is pleased to act as the exclusive advisor, and offer for sale, on behalf of the Owners, the property municipally known as 402, 406, 408, 410 Preston Street, Ottawa, Ontario (the “Property”).Nestled on the most active corner in the Little Italy community of Ottawa, the Property is an attractive opportunity for mid-density, mixed-use development, with interim holding income.The Property is currently improved with 4 buildings, operating as 4 residential units and an automotive repair shop on the corner. On the south end of the Property is a laneway that can accommodate as many as 4 cars.Little Italy and the Preston Street corridor is Ottawa’s most exciting neighborhood. The Ottawa Hospital is actively constructing its new Civic Hospital Campus a short distance south of the Property. The City of Ottawa opened the updated Trillium north/south LRT line in Q4-2024, with the Dow’s Lake station 3 blocks away from the Property, and the Ottawa Senators have announced the relocation of its arena to LeBreton Flats, at the north end of the Preston corridor. Continued gentrification to this already vibrant neighbourhood creates an amazing opportunity to join the momentum of the area with the purchase of the Property. The Property site area is approximately 9,762 square feet, with frontage of 100 feet along Preston Street, and a depth of 100 feet. The Property is being offered on a first come, first served basis at an asking price of $5,000,000.

Property Subtype:

Mixed Types

Date on Market:

2025-09-22

Ottawa Multifamily for Sale - West Central

A golden opportunity in a high-demand infill location! This 66' x 121.47' lot (approx. 7,965 sq ft / 0.183 acres) is zoned R4N – Residential Fourth Density, permitting a wide range of residential building forms, including low-rise apartments and multi-unit dwellings. Potential for 9–10 Units! Tap into the strong rental and resale market with the possibility of building multiple residential units in a rapidly growing area.

Property Subtype:

Apartment

Date on Market:

2025-09-05

Ottawa Retail for Sale - Tunney's Pasture

This fully operating mixed-use building features two floors, with a new roof installed in 2021, along with a recently upgraded high-efficiency gas furnace and hot water tank. The main level is currently leased to a restaurant tenant, generating $4,500 in monthly rental income with a lease in place until September 30, 2027. The second level is a 4-bedroom residential unit, currently tenanted on a month-to-month basis, offering flexibility for future occupancy or redevelopment. The property also presents an excellent conversion opportunity—potential to reconfigure the upper floor into two separate 2-bedroom, 1-bath units, increasing rental versatility and income potential.

Property Subtype:

Storefront Retail/Residential

Date on Market:

2025-08-06

Ottawa Retail for Sale - West Central

Lucrative 30+ YEAR AUTO GARAGE BUSINESS + PRIME LOCATION. Great VISIBILITY with the garage situated on a BUSY CORNER LOT. Completely TURNKEY with a loyal clientele base already established and an extensive list of owned assets including a 3000 SQ FT building with public waiting space, office , garage with 3 bays and 3 lifts. Call for a complete list of inclusions. Current BUSINESS LICENSES included for a PUBLIC GARAGE with the ability to carry out AUTOMOBILE SALES, LEASE OR RENTAL, AUTOMOTIVE REPAIR/ BODY SHOP. The CENTRAL LOCATION is very convenient for clients, is mere steps from the Carling Avenue retail corridor, is bustling with pedestrian and vehicle traffic. The area also has plenty of re-developed properties adding to the location desirability. Directly across the street, there is an approved site plan for 1,745 residential units and the former Canadian Tire has been re-furbished and is now 'Altea', Ottawa's Premier Wellness & Social Club, which is the largest fitness and wellness facility in Ottawa. The neighborhood also offers numerous amenities such as a comprehensive transit network, restaurants, shopping centers and the Ottawa Civic Hospital. FINANCIALS with NDA.

Property Subtype:

Auto Repair

Date on Market:

2025-01-20

Ottawa Retail for Sale - West Central

INDUSTRIAL BUILDING + PRIME LOCATION. Zoned Industrial with a long list of uses. Great VISIBILITY with the building situated on a BUSY CORNER LOT. 50 x 100 ft. lot with plenty of parking. Tenant in place, on one side of the building, and room to lease out 2 additional spaces, including a bay and an office on the main floor and a fully-equipped 2 bedroom apartment on the second floor. The CENTRAL LOCATION is very convenient for clients, is mere steps from the Carling Avenue retail corridor, is bustling with pedestrian and vehicle traffic. The area also has plenty of re-developed properties adding to the location desirability. Directly across the street, there is an approved site plan for 1,745 residential units and the former Canadian Tire has been re-furbished and is now 'Altea', Ottawa's Premier Wellness & Social Club, which is the largest fitness and wellness facility in Ottawa. The neighborhood also offers numerous amenities such as a comprehensive transit network, restaurants, shopping centers and the Ottawa Civic Hospital.

Property Subtype:

Auto Repair

Date on Market:

2025-01-20

Ottawa Land for Sale - Tunney's Pasture

644 Bronson Avenue in Ottawa offers a prime location in the vibrant neighbourhood of The Glebe Annex. This vacant land site sits at the heart of a dynamic community known for its rich blend of residential charm and urban convenience. The Glebe Annex features tree-lined streets, historic homes, and a tight-knit community atmosphere, making it a desirable area for families and young professionals. The property is situated on over 28,718 SF of well-located lands. With the property zoned as Traditional Mainstreet (TM), it allows a broad range of uses including retail, service commercial, office, residential and institutional uses, including mixed-use buildings. The subject site is located within the Downtown Core Transect in the City of Ottawa Official Plan (OP), therefore a mid-rise density is appropriate supporting heights up to nine (9) storeys, but an Official Plan Amendment could be sought to increase height. A potential alternative density plan would allow for a 12-16 storey building.

Property Subtype:

Commercial

Date on Market:

2024-10-11

Ottawa Land for Sale - West Central

Located at 989 Merivale Road in Ottawa, Ontario, this 0.573 acre parcel of land presents potential for a mid to high density residential development. Boasting a central location with high exposure on Merivale Road and a Traditional Mainstreet zoning, this property offers significant potential for investors looking to capitalize on Ottawa’s rising demand for housing. The site is cleared and ready for development.

Property Subtype:

Commercial

Date on Market:

2024-06-06

Ottawa Multifamily for Sale - West Central

Cushman & Wakefield Ottawa has been retained as the exclusive agent by MSI Spergel Inc . as court -appointed receiver of Mushimpex Investments Inc . (the “Receiver” ), and is pleased to offer for sale a 100 % freehold interest in 336 Tweedsmuir Avenue (the “Property”) . Constructed in 2019 , the Property is a modern, purpose - built multi -family building comprised of 4 two -bedroom suites, featuring contemporary finishes, stainless steel appliances, and in - suite laundry . Located in the amenity - rich Westboro neighbourhood . REPRESENTATION AND WARRANTIES Neither the Advisor nor the Receiver make any representations and/or warranties regarding any aspect of the Property, including but not limited to the size of the building, size of the land, building and environmental condition, zoning, and financial information . The Property will be sold on an “as - is where - is” basis and all parties will be responsible to perform their own investigations and due diligence .

Property Subtype:

Apartment

Date on Market:

2026-01-27

Ottawa Land for Sale - West Central

Prime 5.53-acre site in Ottawa’s Redwood-Graham Park community. Features a well-maintained 25,000 sq. ft. school building with offices, classrooms, gym, and kindergarten rooms. Zoned Institutional with strong development potential. Excellent transit access near Pinecrest LRT and future BRT.

Property Subtype:

Commercial

Date on Market:

2026-01-14

Ottawa Health Care for Sale - Tunney's Pasture

This offering presents a unique opportunity to acquire a 156 bed transitional care facility fully leased to the Ottawa Hospital on a long term triple net and carefree basis. In additional to 156 beds ranging from private, semi-private and ward, the complex offers a full suite of hospital facilities including gym, patient lounges, x-ray, and kitchen facilities. 1095 Carling Avenue is located in an ever expanding healthcare hub, directly adjacent to the Ottawa Hospital’s Civic Campus which also includes the University of Ottawa’ Heart Institute, Canada’s largest and foremost heart health centre. The property is strategically located across from the under development New Ottawa Hospital Campus, a state-ofthe-art health care and academic facility - Ottawa’s largest-ever health infrastructure project. The project will feature a ~2.5 million square foot, world class facility on 50 acres of land.

Property Subtype:

Continuing Care

Date on Market:

2025-11-11

Ottawa Land for Sale - West Central

The Property benefits from significant planned development in the surrounding area. Spurred by Stage 2 of the LRT, several new developments are planned for the area, including Bayshore Shopping Centre, with the addition of multi-residential towers planned for the apron of the mall, and Lincoln Fields Mall planning a full mixed-use development, among others. The neighbourhood is supported by excellent access to transportation options, with direct access to public transit, as well as 2-Highway 417 interchanges in close proximity. It is further supported by excellent access to a wide variety of existing retail amenities, including Bayshore Shopping Centre, one of Ottawa’s largest regional malls and Pinecrest Shopping Centre, anchored by IKEA. The property is strategically located in an amenity rich neighbourhood featuring the Cineplex Coliseum, grocery stores, pharmacies, and various recreational amenities. The property benefits from its proximity to Britannia Beach, an abundance of parks, and easy accessibility to the NCC pathway network for an easy commute by bicycle to explore the beautiful city of Ottawa.

Property Subtype:

Residential

Date on Market:

2023-04-24