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$5.3M total
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Asset Class
Office
Size
—
Building class
C
Zoning
DC1 — Direct Control
$ / SF
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Occupancy
95%
Welcome to 365 Richmond Road, a beautiful commercial property located in Westboro available for sale for the first time in over 50 years! A rare and unique opportunity to acquire a stunning 6,000 SF office and retail property with a striking street front address. This property was initially built in 1913 by John E. Cole for the Bank of Ottawa to support the demand for a much needed local financial institution. Currently home to the Frontline Financial Credit Union and to Core Connections Physiotherapy, this property has been serving the community ever since. 365 Richmond Road is nestled in one of the city's trendiest neighbourhood's which hosts an exiting mix of retail boutiques, pubs, cafés, top tier dining experiences, art galleries, the GCTC, health and fitness studios, to name a few, combined with beautiful green landscapes and a connection to nature. In this area, whether you're at work or at home, people have access to walk and cycle alongside the Ottawa River, kayak the nearby rapids or rest at the beach. This property's premium location also includes convenient access to public transit, the highway and several important event centres such as Lebreton Flats, Parliament Hill, Gatineau Park and the Experimental Farm. With 76 feet of premium frontage on Richmond Road, 0.33 acres of land and a large parking lot, this commercial building in Westboro has it all. (id:66811)
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Monthly debt service
$24K
Projected NOI
$380K
Annual cash flow
$89K
Cash-on-cash
5.64%
DSCR
1.31
Going-in cap
7.23%
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.
Trade area within 3 miles of the property.
Population
68,209
Households
27,260
Median income
$83,500
Median age
44.4
Daytime population
97,478
5-yr growth
3.1%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 365 RICHMOND ROAD, Ottawa.
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.