For Sale · Retail

OFFICE 2 - 1665 BANK STREET, Ottawa

OFFICE 2 - 1665 BANK STREET, Ottawa, ON K1V7Z2

Price on request

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Asset Class

Retail

Size

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Building class

B

Zoning

CSC — Shopping Centre

$ / SF

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Occupancy

96%

About this property

Windowed private office in a quiet professional building at Bank & Heron, Ottawa South. All-inclusive - utilities and parking included. Shared kitchenette and bathroom facilities on site. Enough room for a full desk setup and client seating, with natural light. Central Ottawa South location minutes from Billings Bridge, the 417, and major transit routes. Convenient for clients coming from Nepean, Alta Vista, Gloucester, or the south end. Office space measures approximately 97.27 square feet. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$84K

Annual cash flow

$775

Cash-on-cash

0.17%

DSCR

1.01

Going-in cap

5.59%

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

97,631

Households

37,062

Median income

$82,500

Median age

41.2

Daytime population

152,876

5-yr growth

9%

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

Secure deal room

Confidential diligence documents for OFFICE 2 - 1665 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.