ON > Ottawa Centre > 4101 - Ottawa Centre
Ottawa Centre, ON K1S 1Y8,505 O'Connor ST
Ottawa Centre, ON K1S 1Y8,505 O'Connor ST
Ottawa Centre, ON K1S 1Y8,505 O'Connor ST
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Fawad Nissari

Fawad Nissari

+1(416) 878-1085
$ 2,195,000
Est. payment | /mo
Save
$ 2,195,000
Est. payment | /mo
Save

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Subdivision 4101 - Ottawa Centre

MLS Listing ID X12263635

Annual Tax Amount $28,509

Tax Year 2024

Property Sub-Type Office

Property Description

505 OConnor Street presents a rare opportunity to acquire a mixed-use property in the heart of Ottawas highly desirable Glebe neighbourhood. Situated on the corner of OConnor Street and Monkland Avenue, the ~4,400 square foot building features a ground-floor commercial space (~1,800 SF), currently operating as a medical office, which can be delivered vacant or open to short-term leaseback. With recent capital improvements, including a new furnace, boiler, and roof, the space is ideally suited for medical or professional uses. Its prominent corner location offers excellent visibility, with signage potential, and convenient access to transit and Highway 417. Above the commercial space are two fully leased residential units, each occupying its own floor: a spacious three-bedroom unit (~1,800 SF) and a two-bedroom unit (~800 SF). These units provide steady cash flow and appeal to a wide tenant base, including families, professionals, and students, thanks to the Glebes walkable amenities, nearby retail, and proximity to Bank Street. This offering is well suited for owner-users seeking to occupy quality space while benefiting from the residential rental income, or investors looking for long-term value in a stable, centrally located asset.

Location

Province ON

County Ottawa

Community 4101 - Ottawa Centre

Area Ottawa

Zoning R1MM[504] H(10.5)

Interior

Cooling Partial

Exterior

Utilities Available Yes

Lot Frontage 57.45

Lot Depth 99.9

Others

Security Features No

Listed by CUSHMAN & WAKEFIELD
agent-avatar

When it comes to Real Estate, it's not just a transaction; it's a relationship built on trust and honesty. I understand that buying or selling a home is one of the most significant financial decisions you will make in your lifetime, and that's why I take my role very seriously. I make it my mission to ensure that my clients are well informed and comfortable with the process every step of the way.

+1(416) 878-1085

fawad.nissari@exprealty.com

420 Main St E Unit 556, Milton, ON, L9T 5G3, CAN

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505 O'Connor ST

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