















































1/493844 ALBION ROAD, Ottawa, ON K1T1B1
$599,000 total
1,972 SF
Asset Class
Office
Size
1,972 SF
Building class
C
Zoning
CB2 — Central Business
$ / SF
$304
Occupancy
95%
This property has been used for decades as a medical office and enjoys Legal Nonconforming use for a medical office . This would provide an independent medical practitioner the opportunity to own their own space as opposed to renting , and serving a neighbourhood once again that enjoyed a local practitioner for decades in the past. The N2D (exception 637) Zoning indicates allowed use as a daycare or school . Various residential uses are also allowed and the large side yard may provide for an additional attached dwelling. All uses are to be confirmed independently by the Buyer and are not warranted . The corner lot with a large double driveway provides ample parking and access from a low traffic street. The basement is finished with a kitchenette and full bath providing the opportunity for generating tenant income , or extended family living space. This is an estate sale and 48 hours to deal with executors on offers would be appreciated . As in most estate sales, the property is offered by the executors in " as is " condition and nothing can be warranted . The dates on mechanicals seem to indicate 2015 for Furnace and Central Air, Roof under 10 years , and windows are vinyl and appear to be in good condition . Looking forward to hearing your thoughts on feedback and reviewing your offers. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$3K
Projected NOI
$40K
Annual cash flow
$7K
Cash-on-cash
3.83%
DSCR
1.21
Going-in cap
6.69%
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.
| Tenant | Area | Expiry |
|---|---|---|
| Halcyon Wealth Partners | 951 SF | 2033-03 |
| Halcyon Wealth Partners | 917 SF | 2033-03 |
Trade area within 3 miles of the property.
Population
118,287
Households
43,144
Median income
$136,000
Median age
37.5
Daytime population
172,675
5-yr growth
9.3%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 3844 ALBION 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.