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$250,000 total
2,424 SF
Asset Class
Retail
Size
2,424 SF
Building class
B
Zoning
CNC — Neighbourhood Commercial
$ / SF
$103
Occupancy
91%
Excellent opportunity to acquire a complete, recently refreshed commercial setup at 1405 Ottawa Street, located within a large, established plaza anchored by major tenants including a grocery store and Rexall. The plaza benefits from strong daily exposure and activity, with hundreds, if not thousands, of people driving by or visiting the plaza each day, providing excellent visibility and convenient access for customers. The approximately 2,800 sq. ft. space offers a versatile layout suitable for a variety of retail, food & beverage, service, and other commercial concepts. The space has been substantially built out and features a spacious serving/customer area, kitchen area, dedicated storage room, office space, and an oversized public washroom. The existing buildout represents an investment of over $450,000, providing a significant head start for a new operator compared to starting from an unfinished commercial space. Recent improvements include newly installed electrical and water lines, providing modern infrastructure for continued use and adaptation. The sale includes the existing fixtures and improvements, offering an excellent opportunity for an entrepreneur or established operator to take advantage of an extensively improved commercial space while potentially reducing the time, cost, and complexity associated with a new buildout. Conveniently positioned within an established plaza with strong neighbouring tenants and consistent daily activity, this property offers a flexible foundation for a new business concept, expansion, or owner-operator opportunity. The existing infrastructure and layout can accommodate a range of potential commercial uses, subject to applicable approvals. Please inquire for further details, fixture list, and additional information. (id:66811)
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Monthly debt service
$1K
Projected NOI
$14K
Annual cash flow
$-342
Cash-on-cash
-0.46%
DSCR
0.98
Going-in cap
5.40%
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.
| Tenant | Area | Expiry |
|---|---|---|
| Northbridge Logistics | 704 SF | 2029-08 |
| Northbridge Logistics | 476 SF | 2029-08 |
| Northbridge Logistics | 400 SF | 2029-08 |
| Northbridge Logistics | 685 SF | 2029-08 |
Trade area within 3 miles of the property.
Population
55,854
Households
22,191
Median income
$118,000
Median age
34.1
Daytime population
70,509
5-yr growth
5.2%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 1405 OTTAWA Street, Kitchener.
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.