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For Lease · Retail

1542 BANK STREET, Ottawa

1542 BANK STREET, Ottawa, ON K1H7Z4

Price on request

1,000 SF

Asset Class

Retail

Size

1,000 SF

Building class

A

Zoning

CB1 — Low Intensity Business

$ / SF

—

Occupancy

88%

About this property

PRIME COMMERCIAL LEASING OPPORTUNITY - EXCEPTIONAL BANK STREET EXPOSURE! An outstanding opportunity to lease approximately 1,000 sq. ft. of commercial space in a freestanding, standalone corner building ideally situated along the highly visible and well-travelled Bank Street. Offering excellent street exposure, strong visibility, and convenient accessibility, this property is ideally suited for a wide variety of commercial businesses. The property includes 6 dedicated on-site parking spaces, with parking included in the rent - a valuable feature for both customers and employees. Zoned AM - Arterial Mainstreet (Sections 185-186), the property permits a broad range of potential commercial uses, including but not limited to convenience stores, restaurants, car dealerships, car rental agencies, professional offices, daycares, and many other permitted uses. Lease Details: Approx. 1,000 sq. ft. of commercial space, Freestanding corner building, Excellent Bank Street exposure and visibility, 6 on-site parking spaces included in the rent, Zoning: AM - Arterial Mainstreet. Net Rent: $5,500 /month, Immediate occupancy available. An excellent opportunity for businesses looking to establish or expand their presence in a high-exposure Bank Street location. Don't miss this opportunity! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$74K

Annual cash flow

$-10K

Cash-on-cash

-2.11%

DSCR

0.89

Going-in cap

4.91%

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
Blue Harbour Design877 SF2032-01

Area demographics

Trade area within 3 miles of the property.

Population

127,074

Households

46,593

Median income

$85,500

Median age

45

Daytime population

125,160

5-yr growth

2.2%

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

Secure deal room

Confidential diligence documents for 1542 BANK STREET, 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.