305 Cumberland St
3,936 SF Retail Building Ottawa, ON K1N 5N1 $1,750,000 CAD ($444.61 CAD/SF)
INVESTMENT HIGHLIGHTS
- 8,276 sq. ft. development parcel
- Prime location near Byward Market
- Short drive to Macdonald Cartier Bridge
- Zoned for a 6-story apartment building
- Currently has a 3,936 sq. ft. retail building
EXECUTIVE SUMMARY
This prime development opportunity is located just behind the Byward Market in Lowertown, Ottawa, surrounded by several hotels, retail stores, restaurants, and within close proximity to King Edward Ave. The parcel, measuring 8,276 square feet, is ideally situated for growth with current zoning that allows for the construction of a 6-story apartment building, with no variances needed. The lot currently hosts a two-floor, 3,936 square foot retail property, providing potential for redevelopment. Additionally, the location offers easy access to the Macdonald Cartier Bridge and Gatineau, Quebec, making it a highly desirable site for residential development in a bustling, central area.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Auto Repair
Building Size
3,936 SF
Building Class
B
Year Built
1960
Price
$1,750,000 CAD
Price Per SF
$444.61 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.48
Lot Size
0.19 AC
Zoning
R4T - Residential Fourth Density
Parking
5 Spaces (1.27 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Corner Lot
- Fenced Lot
- Security System
- Signage
- Accent Lighting
Walk Score®
Walker's Paradise (100)
Transit Score®
Excellent Transit (89)
Bike Score®
Biker's Paradise (96)
NEARBY MAJOR RETAILERS
