For Sale · Retail

1405 OTTAWA Street, Kitchener

1405 OTTAWA Street, Kitchener, ON N2A3Z1

$250,000 total

2,424 SF

Asset Class

Retail

Size

2,424 SF

Building class

B

Zoning

CNC — Neighbourhood Commercial

$ / SF

$103

Occupancy

91%

About this property

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)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$250K
Down payment30% · $75K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

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.

Rent roll (estimated)

TenantAreaExpiry
Northbridge Logistics704 SF2029-08
Northbridge Logistics476 SF2029-08
Northbridge Logistics400 SF2029-08
Northbridge Logistics685 SF2029-08

Area demographics

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.

Secure deal room

Confidential diligence documents for 1405 OTTAWA Street, Kitchener.

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.