Business For Sale · Land

322 KIRCHOFFER AVENUE, Ottawa

322 KIRCHOFFER AVENUE, Ottawa, ON K2A1Y3

$1.9M total

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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

95%

About this property

Rare development opportunity on an oversized corner parcel in the heart of Westboro West. This 899 sq m (9,677 sq ft) corner lot offers approximately 100.8 ft of frontage on Kirchoffer Avenue and 89.9 ft on Workman Avenue, zoned N4B under Ottawa By-law 2026-50 with a 14.5m height allowance. Steps to the Ottawa River, parks, and the LRT within a Major Transit Station Area, and minutes to Westboro Village shops, restaurants, and top-rated schools. The existing 1950 five-bedroom detached home with detached garage sits on a rare, wide, double-frontage corner ideally suited to redevelopment. An exceptional infill site in one of Ottawa's most sought-after neighbourhoods. Estate sale; property sold as-is, where-is. Flexible closing. Confidential development information package available to qualified parties on request. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.90M
Down payment30% · $570K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$9K

Projected NOI

$95K

Annual cash flow

$-10K

Cash-on-cash

-1.74%

DSCR

0.91

Going-in cap

5.02%

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

103,156

Households

46,611

Median income

$136,000

Median age

39.9

Daytime population

147,467

5-yr growth

1.4%

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

Secure deal room

Confidential diligence documents for 322 KIRCHOFFER 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.