For Lease · Land

2952 PRINCE OF WALES DRIVE, Ottawa

2952 PRINCE OF WALES DRIVE, Ottawa, ON K2E0B2

Price on request

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Asset Class

Land

Size

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Building class

A

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

97%

About this property

Great opportunity to lease a versatile commercial property at 2952 Prince of Wales Drive, Ottawa, ideally located just minutes from the intersection of Prince of Wales Drive and Merivale Road.The property offers a large, open yard suitable for a variety of potential uses, including outdoor storage, vehicle parking, equipment storage, contractor operations and other commercial purposes, subject to zoning and municipal approvals. A garage is also available on the property and may be suitable for use as an office or additional storage space, subject to the permitted use and tenant requirements. Flexible leasing options available! The yard can be divided into smaller sections to accommodate your required space. Lease the area that works best for you. Property Highlights: Prime location near Prince of Wales Drive and Merivale Road Large open yard with flexible leasing options Lot can be divided according to tenant requirements. Garage available for potential office or storage use. Suitable for parking, outdoor storage and various applications, subject to approvals. Convenient access to major roads and nearby commercial areas Available immediately. Whether you need space for vehicle parking, contractor equipment storage, this property offers flexibility and convenience in a desirable Ottawa location. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$85K

Annual cash flow

$2K

Cash-on-cash

0.46%

DSCR

1.02

Going-in cap

5.68%

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

140,179

Households

49,443

Median income

$84,500

Median age

44.1

Daytime population

130,111

5-yr growth

6.8%

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

Secure deal room

Confidential diligence documents for 2952 PRINCE OF WALES DRIVE, 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.