2208 St Joseph Boulevard Ottawa, Ontario K1C 1E8


Eleven-unit strip mall for sale. Fully leased. High-traffic location on St Joseph Blvd in the East of Ottawa. There have been 4 new leases within the last 6 months at the building. All contracts are for five years at market rents with buillt-in annual escalations and triple net lease structures. Some older leases have rates well below market value giving you a substantial upside opportunity to increase rental rates over the coming cycle of renewals. A five-year projection places the building at a value in excess of $6,700,000 based on where the net income of the building will be at that time. You can buy it for $3,750,000 today. This is a well-maintained property with 8 of the 10 rooftop HVAC units having been replaced within the last few years and the roof replaced in 2018. No major capital costs are needed for many years. A clean phase 1 environmental report was completed in March 2023 and is available. (id:37684)

Property Details

MLS® Number 1334920
Property Type Retail
Neigbourhood Orleans Village-Chateauneuf
Parking Space Total 42


Constructed Date 1990


Acreage No
Size Depth 141 Ft
Size Frontage 275 Ft
Size Irregular 0.83
Size Total 0.83 Ac
Size Total Text 0.83 Ac
Zoning Description Am



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