Prime Investment Opportunity to acquire a commercial property on .78 of an acre with high visibility at one of Ottawas busiest intersections, adjacent to Nepean Crossroads Centre and exposed to nearly 94,000 vehicles daily. Net Operating Income $195,000 (2024). Current market rents position property for strong future upside.The 8,993 sq. ft. building is fully leased with a solid tenant base and rent escalations secured through 2029, ensuring stable long-term income. Originally designed with the potential to expand the ground floor retail area by an additional 2,200 - 2,400 sq. ft., the property offers strong future upside. With no major capital costs anticipated for many years and a clean Phase 1 environmental report available, this is a rare opportunity to acquire a secure, high-performing investment in a premier location.
| MLS # | X12449971 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 31 |
| Listing Provided By | EXP REALTY | X12449971 488700 |
| SQ Feet | 8,993 |
|---|---|
| Acreage | 0.21 |
| Cooling | Yes |
|---|
| Community Features | Public Transit |
|---|
| Utilities | Yes |
|---|---|
| Sewer | Sanitary |
| Tax Annual Amount | 27272.51 |
|---|---|
| Tax Type | Annual |
| Tax Legal Description | PCL 24-1, SEC 4M-601 ; BLK 24, PL 4M-601 ; S/T LT532361E, LT532363E NEPEAN |
| Tax Year | 2025 |
| Province | ON |
|---|---|
| County | Ottawa |
| City | Tanglewood - Grenfell Glen - Pin |
| Postal Code | K2G 5X6 |
| Area | 7502 Merivale Industrial Park |
| Province | ON |
|---|---|
| County | Ottawa |
| City | Tanglewood - Grenfell Glen - Pin |
| Postal Code | K2G 5X6 |
| Area | 7502 Merivale Industrial Park |