3RD FLOOR - 131 BANK STREET, Ottawa3RD FLOOR - 131 BANK STREET, Ottawa — photo 23RD FLOOR - 131 BANK STREET, Ottawa — photo 33RD FLOOR - 131 BANK STREET, Ottawa — photo 43RD FLOOR - 131 BANK STREET, Ottawa — photo 53RD FLOOR - 131 BANK STREET, Ottawa — photo 63RD FLOOR - 131 BANK STREET, Ottawa — photo 73RD FLOOR - 131 BANK STREET, Ottawa — photo 83RD FLOOR - 131 BANK STREET, Ottawa — photo 93RD FLOOR - 131 BANK STREET, Ottawa — photo 103RD FLOOR - 131 BANK STREET, Ottawa — photo 113RD FLOOR - 131 BANK STREET, Ottawa — photo 123RD FLOOR - 131 BANK STREET, Ottawa — photo 133RD FLOOR - 131 BANK STREET, Ottawa — photo 143RD FLOOR - 131 BANK STREET, Ottawa — photo 15
1/15
For Sale · Retail

3RD FLOOR - 131 BANK STREET, Ottawa

3RD FLOOR - 131 BANK STREET, Ottawa, ON K1P5N7

Price on request

—

Asset Class

Retail

Size

—

Building class

B

Zoning

CB1 — Low Intensity Business

$ / SF

—

Occupancy

93%

About this property

3rd floor space (2,200 square feet) for Sub-Lease in Downtown Ottawa. Creative and open space concept with exposed brick walls, lots of windows and engineered hardwood flooring. Includes a kitchenette, three enclosed rooms and a washroom. Ideal for a variety of commercial uses not limited to office, podcast studio, professional service, pilates. Sub-lease term ends November 30, 2028. Gross Lease: $3,000/month rent all inclusive. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$80K

Annual cash flow

$-3K

Cash-on-cash

-0.69%

DSCR

0.96

Going-in cap

5.34%

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

59,682

Households

21,467

Median income

$75,500

Median age

43

Daytime population

79,987

5-yr growth

5%

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

Secure deal room

Confidential diligence documents for 3RD FLOOR - 131 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.