2605 CARLING AVENUE, Ottawa2605 CARLING AVENUE, Ottawa — photo 22605 CARLING AVENUE, Ottawa — photo 32605 CARLING AVENUE, Ottawa — photo 4
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For Sale · Retail

2605 CARLING AVENUE, Ottawa

2605 CARLING AVENUE, Ottawa, ON K2B8B3

Price on request

940 SF

Asset Class

Retail

Size

940 SF

Building class

B

Zoning

CB1 — Low Intensity Business

$ / SF

—

Occupancy

85%

About this property

RETAIL SPACE ON CARLING AVENUE - $3,800/MONTH SEMI-GROSS! Establish your business at 2605 Carling Avenue, near the busy Carling Avenue-Richmond Road intersection in Ottawa's west end. Offering approximately 940 sq. ft., the space includes dedicated customer parking at the rear of the building. The location combines an established residential customer base with neighbouring pharmacy and restaurant businesses that draw people to the area for everyday errands. Apartments directly above the retail space and additional residential buildings nearby offer opportunities to build repeat neighbourhood business. A residential building under construction on the adjacent lot could further expand the local customer base once occupied. The space may suit a convenience store, specialty grocery store, café, medical office or other retail or service business, subject to applicable zoning, required approvals and landlord consent. Semi-gross rent: $3,800/month, inclusive of base rent, additional rent and utilities. HST extra. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$70K

Annual cash flow

$-13K

Cash-on-cash

-2.97%

DSCR

0.84

Going-in cap

4.65%

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.

Rent roll (estimated)

TenantAreaExpiry
Vector Robotics794 SF2034-10

Area demographics

Trade area within 3 miles of the property.

Population

81,696

Households

34,309

Median income

$90,500

Median age

45.9

Daytime population

75,967

5-yr growth

8.6%

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

Secure deal room

Confidential diligence documents for 2605 CARLING 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.