For Lease · Retail

1225 BANK STREET, Ottawa

1225 BANK STREET, Ottawa, ON K1S3X7

Price on request

—

Asset Class

Retail

Size

—

Building class

B

Zoning

CB1 — Low Intensity Business

$ / SF

—

Occupancy

89%

About this property

Excellent opportunity to lease approximately 1,800 sq. ft. of commercial space in the heart of Old Ottawa South, ideally situated on Bank Street between Cameron and Belmont Avenues. This established location offers convenient access to Billings Bridge Shopping Centre, the Glebe, local schools, and nearby walking and cycling paths, providing excellent connectivity and neighbourhood appeal. The space offers exciting potential for a variety of permitted uses, including a restaurant, furniture store, craft shop, antique store, and more. Prospective tenants are encouraged to review the City of Ottawa's Mainstreet Zone 1 (MS1) zoning provisions to confirm their intended use. Property Features: Approximately 1,800 sq. ft. of commercial space, 1 dedicated parking spaces, (additional parking may be available) unfinished basement offering additional storage potential, forced-air natural gas heating and air conditioning. Lease Details: Monthly rent: $5,500 plus HST. All utilities, insurance, repairs, and maintenance are the tenant's responsibility. Lease term and tenant fit-up improvement allowance negotiable. Bring your business vision to this sought-after Bank Street location and take advantage of the opportunity to establish your business in one of Ottawa's well-known urban neighbourhoods. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$75K

Annual cash flow

$-8K

Cash-on-cash

-1.83%

DSCR

0.90

Going-in cap

4.99%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

105,257

Households

42,151

Median income

$103,500

Median age

31.9

Daytime population

113,969

5-yr growth

6.6%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 1225 BANK STREET, Ottawa.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.