For Sale · Office

1 - 11 FAIRMOUNT AVENUE, Ottawa

1 - 11 FAIRMOUNT AVENUE, Ottawa, ON K1Y1X4

Price on request

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Asset Class

Office

Size

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Building class

B

Zoning

CO — Commercial Office

$ / SF

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Occupancy

87%

About this property

Establish your professional practice in an unbeatable, highly accessible location. Situated on the main level of 11 Fairmount Avenue, Unit 1 offers approximately 750 square feet of functional commercial space, ideal for healthcare providers, aesthetic clinics, allied health professionals, legal practices, or boutique executive offices. This office space comes with a kitchen and full bathroom tucked away to the rear, away from the main area. The unit offers dedicated On-Site Parking: A rare and invaluable asset in this central neighborhood-convenient, hassle-free parking for you, your staff, and visiting clients/patients. The location is absolutely prime, with high-visibility, nestled in a vibrant district with steady pedestrian traffic, excellent street presence, and straightforward transit access. This unit optimizes the efficient layout capable of supporting private treatment/consultation rooms, alongside a welcoming reception and client waiting area. A professional setting is ready with a clean, quiet, and well-maintained building environment tailored for client privacy, clinical care, or focused consulting work. The unit is ready for a professional tenant practicing in Medical & Wellness: Aesthetics, dermatology, physiotherapy, chiropractic, psychotherapy, or naturopathy. The opportunities are endless and the space could also be optimized with Legal chambers, accounting/tax advisory, financial planning, or architecture. Given the high traffic area the potential for Boutique Offices is also a viable option; Including, but not limited to; Consulting firms, creative studios, or executive headquarters. The lease comes with exterior maintenance, including snow removal and lawn care. This is a fabulous space, and location. Ready, vacant, and waiting for the right tenants to prosper.* Some photos have been staged to showcase future use. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$72K

Annual cash flow

$-11K

Cash-on-cash

-2.40%

DSCR

0.87

Going-in cap

4.82%

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

120,324

Households

46,379

Median income

$134,500

Median age

38.8

Daytime population

121,143

5-yr growth

7.3%

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

Secure deal room

Confidential diligence documents for 1 - 11 FAIRMOUNT AVENUE, 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.