Commercial Real Estate for Sale

97 Listings - Page 1
621 Somerset Street, Ottawa Centre
Commercial Retail
$879,270
FOR SALE
621 Somerset presents a freehold commercial asset in one of downtown Ottawa's most established corridors. The property features tenant-improved space with existing retail fit-ups, complemented by strong underlying real estate fundamentals, including prominent street frontage and exposure along a high-traffic corridor. Near-term lease expiries provide flexibility to extend existing tenancies or accommodate an owner-occupier, while flexible zoning permits a broad range of commercial and residential uses, supporting future leasing, repositioning, or alternate use.
625 Somerset Street, Ottawa Centre
Commercial Retail
$800,000
FOR SALE
625 Somerset presents a mixed-use freehold asset along one of downtown Ottawa's established corridors. The property features a ground-floor restaurant with existing restaurant-style fit-ups, complemented by a second-floor residential unit, alongside strong underlying real estate fundamentals, including prominent street frontage and a central location. Near-term lease expiries provide flexibility to extend existing tenancies or accommodate an owner-occupier, supporting future repositioning or alternate use over time.
631 Somerset Street, Ottawa Centre
Commercial Retail
$790,000
FOR SALE
631 Somerset presents a mixed-use freehold asset along a well-established downtown corridor, featuring a ground-floor barbershop with tenant-installed fit-ups and a second-floor residential unit. The property offers a functional and efficient configuration, supported by strong underlying real estate fundamentals, including prominent street frontage and a central location. Near-term lease expiries provide flexibility to extend existing tenancies or accommodate an owner-occupier, supporting future repositioning or alternate use over time.
307 Gilmour Street, Ottawa Centre
Office
$2,649,000
FOR SALE
Prime Downtown Ottawa Office Building for Sale. An exceptional opportunity for an owner-user or investor in the heart of downtown Ottawa. This standalone office building will be delivered vacant on closing as the current owner-occupier is relocating. The property is zoned for a wide range of commercial uses including diplomatic missions and medical offices, and also presents an excellent urban redevelopment opportunity. Existing zoning permits a building height of up to 23 meters, allowing for a mixed-use residential mid-rise with ground-floor retail. The building is BOMA-certified with 6,863 sq. ft. of usable/rentable area on a generously sized lot featuring 11 parking spaces. The main floor offers 1,701 sq. ft. with a reception area, boardroom, six enclosed offices, and a washroom. The second floor measures 2,029 sq. ft. and includes eight enclosed offices, an open bullpen area, and a washroom. The third floor includes four offices, a kitchenette, and access to the flat roof.Ideally situated within walking distance of the Elgin Street Courthouse, City Hall, and Parliament Hill, the property offers unbeatable accessibility. With a Walk Score of 100, Transit Score of 87, and Bike Score of 99, it is one of Ottawa's most connected urban addresses. Whether you are seeking a turn- key office building or a prime redevelopment site, this property offers exceptional potential and flexibility.
200 Metcalfe Street, Ottawa Centre
Commercial Retail
$1,700,000
FOR SALE
A true turn key gem in the Heart of Downtown Ottawa! Stop looking for the perfect mixed use asset. This updated 3 storey building is ready to perform from Day 1. Featuring a main floor professional office/clinic and two massive, sun filled 4 bedroom apartments above, it's a dream setup for investors and owner operators alike. Tastefully renovated from top to bottom with updates to plumbing, electrical, framing, flooring, and appliances. The established main floor commercial tenant is willing to stay or vacate depending on your investment goals. Unbeatable downtown footprint ensuring historically low vacancy rates and premium rental commanding power. Don't miss out on this stable, high demand asset.
567 Gladstone Avenue, Ottawa Centre
Commercial Retail
$1,099,999
FOR SALE
Excellent mixed-use investment opportunity in a prime central location! This well-maintained building features a main-level retail/commercial/office space with good storage in the basement plus two separate residential apartments on the upper levels, creating an attractive income-producing property with multiple potential uses. The second-floor apartment offers 1 bedroom with parking included while the third-floor apartment offers an additional residential unit generating steady rental income. Tenants currently pay their own utilities with the exception of water, helping reduce operating costs. The main-level office space provides excellent exposure and flexibility for a variety of business uses or future leasing opportunities. A detached garage and parking for 4 vehicles included behind the building. Ideal opportunity for investors seeking cash flow and future rental upside, or owner-occupiers looking to operate a business while benefiting from additional income from the residential units above. Conveniently located close to downtown, transit, shopping, restaurants, and major amenities. Rare opportunity to own a versatile mixed-use property in a sought-after urban location with strong long-term potential.
474 Somerset Street, Ottawa Centre
Investment
$938,000
FOR SALE
HIGH-RETURN INVESTMENT | PRIME CENTRETOWN LOCATION | DEVELOPMENT POTENTIAL | MIXED-USE ZONING. Endless possibilities await with this exceptional income-generating property in the heart of Central Ottawa, ideally positioned between Centretown, Chinatown, and Little Italy. A rare opportunity for investors, developers, and land bankers seeking strong cash flow today with substantial redevelopment potential tomorrow. Zoned TM14 H(20), this highly flexible zoning allows for a wide range of commercial, mixed-use, and multi-residential uses with building heights up to 20 metres, creating tremendous future upside in one of Ottawa's fastest-growing urban corridors.Situated on a 29 x 110 ft lot with 5 rear parking spaces, this property offers unbeatable convenience with a near-perfect Walk Score of 99/100. Steps to transit, employment hubs, restaurants, parks, shopping, and downtown amenities, this location continues to attract strong tenant demand and redevelopment interest.Currently configured with 7 (seven) fully furnished mid- to long-term residential tenants (formerly office use), accompanied by 2 shared kitchens and 2 shared bathrooms. The property has undergone over $100,000 in renovations to enhance tenant appeal and maximize rental performance. Potential gross income when fully rented: $116,832/year. Generate strong existing income while maintaining the flexibility to redevelop, reposition, expand, or hold as a long-term appreciation asset.Ideal for developers, commercial investors, multi-unit buyers, and those seeking a value-add opportunity with future intensification potential. Rarely do properties combine cash flow, premium urban location, zoning flexibility, parking, and development potential in one package. Contact listing agent for financials, additional photos, and private viewing. ALL SERIOUS OFFERS WELCOME.
170 Metcalfe Street, Ottawa Centre
Sale Of Business
$199,000
FOR SALE
Prime asset sale of a turn-key restaurant space in heart of Centretown. Continue existing franchise restaurant or bring your own concept. Located on a premier high-visibility corner with exceptional exposure, and high foot and vehicle traffic. The unit is 1,375 sq. ft. with a flexible, open layout ideal for a range of concepts from quick-service to casual dining. The dining area is bright and inviting, supporting comfortable dine-in and grab-and-go experiences. Benefit from the modern, high-end restaurant fit-up and equipment for a fraction of the cost of building yourself. This location offers significant growth potential as Centretown's office occupancy rebounds and the daytime population expands. Existing lease to be assumed by Buyer, subject to Landlord approval. Semi-Gross rent $6,846.74 per month plus HST, plus hydro. Schedule all showings through the listing agent; please do not approach staff with inquiries.
61 Cartier Street, Ottawa Centre
Investment
$9,500,000
FOR SALE
"The air of quiet dignity and seclusion suggested by the tasteful yet imposing entrance to Val Cartier apartments is well borne out by the pleasing interior of this apartment building erected in 1931 at the corner of Cartier and Somerset Streets... The 28 units in the building give a wide diversity of choice to the prospective tenant. These apartments are arranged with three, two and one bedrooms, and there is also a number of most attractive bachelor suites which are roomy, convenient and most inviting. The larger apartments have all the spaciousness that is associated with homes of the better sort." From the article about this "new" apartment building in the 1931 Ottawa newspaper The Evening Citizen. Wrought iron balconies, handsome stone entrance, 27 storage units,14 underground parking spaces, New on demand boiler system, New on demand domestic hot water system, Separate and Breaker panels for each apartment, hardwood floors in apartments, common hallways have tiled floors. Common areas available for showings without requiring tenant notice. 3 x 3 bedroom, 6 x 2 bedroom, 3 x 1 bedroom + den, 14 x 1 bedroom, 2 x bachelor
464 Somerset Street, Ottawa Centre
Office
$1,125,000
FOR SALE
Character-rich Centretown office opportunity just steps from the Financial District and minutes to Parliament Hill. This well-maintained Victorian-style property offers approximately 2,532 SF above grade plus an additional 828 SF of usable lower-level space. Original architectural features including detailed millwork, high ceilings, and oversized windows are complemented by significant existing office buildout that can be readily repurposed for a variety of professional uses.The property is configured with a mix of approximately 7 enclosed offices and 4 open work areas, along with reception, kitchenette, storage, and additional finished lower-level workspace. The layout supports a natural separation between client-facing areas and internal operations, making it well-suited to a range of professional, medical, or service-based users.On-site rear parking for 8+ vehicles (tandem configuration), a rare offering in this location, complements strong walkability to Bank Street amenities, government offices, transit, and LRT. A strategic opportunity for owner-users seeking presence, character, and long-term value in a central location.
575 Somerset Street, Ottawa Centre
Investment
$995,000
FOR SALE
Rare dual-opportunity in the heart of Centretown. Buy cash flow today, build tomorrow. Three tenanted units generating verified income with a vacant basement offering additional income potential. Included is a complete, permit-ready 10-unit redevelopment package - full architectural, servicing, grading, electrical and tree reports. Building and demolition permits submitted to the City of Ottawa; first-round review complete with standard infill comments issued. Buyers can revise or proceed to resubmission under their own name. Set up for MLI Select financing: up to 95% LTV and 50-year amortization. Accessible lift included in plans with potential to add 2 additional storeys. 33' x 112' lot. 4 parking spaces. Walking distance to Bank St, Elgin, and Little Italy. Close to grocery, retail, dining, transit and LRT. Unit mix: 2 x 2-bedroom, 1 x 1-bedroom (tenanted) + basement unit (vacant). Permit-ready package, architectural drawings, and financials available. Contact listing agent for data room access.
274 Elgin Street, Ottawa Centre
Sale Of Business
$195,000
FOR SALE
Euro Bistro is a well-established, family-owned restaurant located on vibrant Elgin Street just a 15-minute walk from Parliament Hill. Known for its warm, inviting atmosphere and loyal customer base, its a favorite among both locals and visitors exploring the city. This is an excellent opportunity for an owner-operator looking to step into a turnkey operation. The business boasts strong financials, consistent foot traffic, and a reputation for quality that continues to drive growth. Whether you're passionate about food or seeking a profitable venture, Euro Bistro delivers on both flavor and potential.
299 Bank Street, Ottawa Centre
Commercial Retail
$5,850,000
FOR SALE
Two storey walk-up retail/office building plus full height basement for a total building area of approx. 18,000 SF. Located in the heart of Centretown on one of the busiest corners at Bank and Somerset Street. Long standing established Dollar Store occupies the ground floor and lower level of approx. 12,000 SF with a lease that expires August 31, 2026. The second floor office tenant has approx. 6,000 SF of creative open concept office space which includes a kitchenette and two large washrooms. Large staircase landings could accommodate a future elevator if desired by the purchaser. Opportunity for purchaser to occupy part or whole building. No options to renew in place but both tenants willing to stay. This property sits on a 55' x 115' lot with easy access to HWY 417 and transit nearby including buses along Bank Street or a 10 minute walk to the Parliament O-Train Station. Close proximity to many amenities such as shops, restaurants, Canal, Parliament, Glebe, ByWard Market and all that downtown Ottawa has to offer.
480 Bank Street, Ottawa Centre
Commercial Retail
$3,650,000
FOR SALE
Prime downtown Ottawa mixed use commercial/residential mix building now available for purchase. Fronting unto Bank Street consists of 2 (fully leased) retail units. Tenant's include nail salon and retail sit-in food service. 4 - 2 bedroom apartments adjoining and fronting onto Flora Street, all fully leased to long term tenants. Financial and lease information available.
304 O'connor Street, Ottawa Centre
Office
$975,000
FOR SALE
Prominently situated on a high-visibility corner along O'Connor Street in Ottawa, this property offers exceptional exposure in a rapidly evolving corridor. The building comprises approximately 1,670 square feet over two levels and has been used as office space for numerous years. The layout features a welcoming reception area, multiple private offices, and a generous main floor boardroom, providing a functional layout and efficient layout. A rare advantage in this location, the site includes on-site parking for approximately six vehicles. This is a compelling opportunity for an owner-occupier/investor seeking immediate usability combined with meaningful long-term upside. A conceptual plan outlines the potential for a six-storey 20 unit residential redevelopment including ground floor office, aligning with ongoing intensification in the surrounding area. The recent announcement of the Taggart development at 267 O'Connor introducing 517 residential units across two landmark buildings-further reinforces the strength and trajectory of this location. Buyers are encouraged to verify zoning for both permitted and intended use. Concept plans have been drafted offering a clear vision of the future potential.
342 Frank Street, Ottawa Centre
Investment
$2,450,000
FOR SALE
Rarely available purpose built multi unit investment property in prime Centretown location. 196K Gross income. Fully rented. Six 3-bedroomunit+one 2-bedroom unit . 3 Storey brick building. Large, well-maintained units. Easy walking to Bank street, Elgin and Parliament hill. New boiler 2025.
189 Lyon Street, Ottawa Centre
Sale Of Business
$499,000
FOR SALE
A rare opportunity to acquire a fully built-out, high-end restaurant in the heart of downtown Ottawa. Just steps from Parliament Hill, major hotels, and thousands of office workers, this location sits on a busy corner with excellent visibility. Guests can enter directly from thestreet or through the prestigious Minto One80Five building, ensuring a steady mix of locals,business professionals, and tourists year-round. The restaurant offers 5,500 sq. ft. of beautifully designed space with multiple dining rooms and a huge production kitchen capable of handling high-volume service. Licensed for 185 guests inside plus 60 more on a gorgeous elevated patio, the layout is ideal for lunch crowds, business dinners, private events, and evening service. The design provides flexibility for both intimate dining and larger gatherings. With an outstanding gross lease of only $6,000 per month (including TMI) and 4 + 5+ 5 years remaining, the economics are hard to beat. The business is available turnkey but also presents an excellent opportunity for rebranding into a new concept, cuisine, or franchise.Please do not go direct or speak to staff or ownership.
149-151 Bank Street, Ottawa Centre
Sale Of Business
$295,000
FOR SALE
Turn-key franchised restaurant business in a prime downtown Ottawa location with excellent exposure on Bank Street. Ideally situated within walking distance to Parliament Hill, between Laurier and Slater, and close to the ByWard Market, Elgin Street, and Sparks Street. This well-established franchise offers strong head office support, proven systems, and is easy to operate, making it an excellent opportunity for both experienced operators and first-time business owners. Spacious layout with retail, storage, and office area included.
330 Gilmour Street, Ottawa Centre
Land
$12,000,000
FOR SALE
Development Opportunity. High Density Mixed Use. Zoned R5B[1717] S250 F(3.6). Approx 37,512 sq ft (MPAC) Property being sold in as is where is condition.
272 Elgin Street, Ottawa Centre
Commercial Retail
$329,000
FOR SALE
Prime Location! Sale of a franchise quick-service restaurant business with a fully equipped kitchen. Excellent condition. Turnkey opportunity to run a profitable business along one of Ottawa's busiest streets. Option to purchase business assets only and operate a new concept subject to landlord approval.
178 Nepean & 211-231 Bank Street, Ottawa Centre
Land
$14,500,000
FOR SALE
Property being sold on an "as-is, where-is" basis under power of sale provisions. Approved plans for 9-storey, mixed use development with a total of 263 units and 101,509 sf of gross floor area. 178 Nepean & 211-231 Bank St offers an opportunity to develop a mixed use community near major downtown Ottawa landmarks. It is surrounded by complimentary amenities and businesses on busy Bank St. Nestled in a vibrant downtown node, with ample vehicle and pedestrian traffic. Close proximity to both the core business district as well as a short drive from the University of Ottawa and Carleton University.
406-408 Bank Street, Ottawa Centre
Land
$1,600,000
FOR SALE
SHOVEL-READY Apartment Building, an exceptional DEVELOPMENT OPPORTUNITY at the CORNER of Bank St& Florence St. It comes with an APPROVED BUILDING PERMIT for a 6-storey mixed-use building, offering immense potential for an astute developer or investor. This property boasts unparalleled visibility and access in the HEART of OTTAWA, PUBLIC TRANSIT, Retail, Schools, Diverse dining options, Cultural attractions, and Community Amenities, ensuring strong TENANT DEMAND. The approved permits allow for a thoughtfully designed 6-storey building featuring ground-floor commercial space and 28 residential units above. The innovative design strategy FORCUSES on MAXIMIZING rental potential with 7 well-appointed 1-bedroom units and 21 efficiently designed bachelor units (resembling a 1-bedroom-like layout). This strategic unit mix targets a highly competitive segment of the rental market, where smaller, doorstep transit, and smartly designed units are in high demand and typically easier to rent. This approach sets your development apart from the standard 1-bed and 2-bed offerings, a distinct advantage. These crucial studies and designs represent a significant DE-RISKING for the buyer, providing a clear path forward and SAVING YEARS of valuable time and effort. While the existing approved designs offer a streamlined development path, a buyer who prefers to revise elements can still leverage the extensive pre-development work. READY TO BUILD: Significant Savings & Speed to Market!
638-640 Somerset Street, Ottawa Centre
Commercial Retail
$880,000
FOR SALE
Prime mixed-use opportunity in the heart of Centretown. This detached 2-storey property offers flexible TM zoning allowing for residential, commercial, or mixed-use, making it ideal for investors, business owners, or live/work scenarios. Currently configured as two self-contained units and a bonus accessory unit with a separate vestibule entrance, with the option to convert to a 4-bedroom residential layout.Positioned on a 110 ft deep lot with ample on-site parking, this well-maintained building is clean, functional, and full of upside. The main level was previously operated as a restaurant and is set up to meet fire and safety requirements (buyer to verify), while the upper unit features a private balcony. The property also includes a dry basement, adding usable storage or future potential.Recent updates include over $80,000 in upgrades and major components such as roof, furnace, and A/C (approx. 2013-2014). According to MPAC, the property is recognized as a triplex with residential and commercial/industrial use, providing strong long-term flexibility and redevelopment potential.Unbeatable location just steps to Little Italy, Chinatown, LeBreton Flats, and within walking distance to the LRT, offering excellent access to transit, amenities, and future growth.Investor bonus: opportunity to acquire the neighbouring property for a potential land assembly.A rare, versatile asset in a high-demand urban corridor. Great for an investment now, maybe a owner-operated unit in the future!
391 Bank Street, Ottawa Centre
Commercial Retail
$1,950,000
FOR SALE
Located in the heart of Ottawa Centretown, directly across from the new James House condo development, a 2-minute drive to HWY 417 / the Glebe and surrounded by dense residential and commercial retail. This completely vacant building offers a ground-level 2,000 sqft retail unit with a separate entrance to the second floor with 2 individual units, and an additional unit in the basement with separate entrance. Each floor is approximately 2,000 sqft. The property includes six tandem rear parking spaces. HVAC systems were replaced, along with new grade-level windows and front doors, in 2016. This property presents an excellent opportunity for owner-users, while also offering the ability to generate additional rental income.
279 Bronson Avenue, Ottawa Centre
Investment
$650,000
FOR SALE
Attention developers and investors-prime infill opportunity on Bronson Avenue on the east side of the street, just north of Somerset Street West. This duplex sits on a valuable lot with significant redevelopment potential for a multi-unit residential project 2026 Zoning is Hub Zone 1, H1[112] H(20) under the new City of Ottawa 2026 zoning (buyer to verify zoning and permitted uses). Ideally located just steps from Chinatown, with a wide variety of restaurants, shops, and local businesses nearby, this site benefits from strong urban amenities and consistent demand. Positioned along Bronson Avenue-a major north-south arterial route connecting directly to the Airport Parkway and providing seamless access to Macdonald-Cartier International Airport-this property offers exceptional connectivity and visibility. Located minutes to downtown and close to public transit and LRT as well as LeBreton Flats, this is a rare opportunity to unlock the full potential of a centrally located development site in one of Ottawa's most dynamic neighbourhoods. The duplex is currently partially occupied on a temporary basis and the property is being sold As Is, Where Is. There may be potential for acquisition of a neighbouring property. The property offers flexibility for future intensification in a rapidly evolving corridor.
245 Bay Street, Ottawa Centre
Commercial Retail
$1,779,000
FOR SALE
Exceptional Investment Opportunity and excellent location in downtown Ottawa! This prime corner property is located at the corner of Bay Street and Gloucester Street in downtown Ottawa. Benefting from dual frontage and two separate addresses on both streets . It is surrounded by several high apartment buildings. In a densely populated neighborhood, it offers access to top-rated public schools, parks, and recreational facilities. The location is highly convenient, with bus stops and the OLRT-Lyon light rail station within walking distance.The property spans 3,300 square feet, upstairs with 5 offices/bedrooms (suitable for use as offices, residentials, or other uses) and 2 bathrooms, along with 1 kitchen. The first foor is currently operating as a convenience store, but can easily be adapted for other uses. The current building's basement is used as storage, but it can be also used as club. A total of 12 parking spaces are available, with 7 at the rear currently rented out for additional rental incomes with 2200 square feet area land . With ample parking, excellent transportation access, and versatile usage options. In addition, in terms of New Zoning (By-law 2026-50), the place can be built a hub(high building with 90 meters). Another building can be constructed in the additional land(i.e. the parking spots). It can be used (1)personal service business: barber shop, beauty parlour, or dry cleaner's distribution station. (2) place of assembly: club. (3)retail store: drugstore, floristshop, newsstand. (4) restaurant. This is a rare investment opportunity! Owner can offer second mortgage choice to buyer.
88 Maclaren Street, Ottawa Centre
Investment
$1,375,000
FOR SALE
Ideally situated in Ottawa's coveted Golden Triangle, this property represents a rare opportunity to acquire a well-maintained six-unit multifamily asset in one of the city's most desirable urban enclaves. Each suite is thoughtfully configured, offering a strong foundation of stable income with meaningful potential for rental growth and value appreciation. The property's central location ensures enduring tenant demand, exceptional walkability, and proximity to Ottawa's key employment, retail, and lifestyle corridors. Investors will appreciate the balance of reliability and upside-an ideal addition to any portfolio seeking long-term performance in a high-barrier-to-entry market. A new roof was completed in 2024, further enhancing the property's desireability. Opportunities of this caliber in Ottawa's thriving multifamily market are increasingly rare, making 88 MacLaren Street a must-see for the discerning investor.
470 Somerset Street, Ottawa Centre
Office
$1,200,000
FOR SALE
Located between Kent & Lyon Street, this fully renovated 3 story heritage building is a great opportunity for an owner-occupier in the heart of Centretown. The standalone building features approx. 3,050 SF of office space over 3 stories and 5+ parking spaces. It is filled with plenty of natural light and can accommodate many different professions such as design firms, staffing agencies, law firms, etc. This property offers great access to Highway 417, walking distance to the Lyon LRT station and many amenities close by on Bank Street including Massine's Independent Grocer and Dollarama. Current tenant's lease expires on September 30, 2026.
28 Lewis Street, Ottawa Centre
Land
$699,900
FOR SALE
Welcome to this all brick duplex ideally located in Ottawa's sought after Golden Triangle, offering an exceptional opportunity for investors, renovators, or those looking to build their dream home in one of the city's most desirable neighbourhoods. This property features two separate units including a one bedroom plus den unit on the main level and a two bedroom plus den unit on the upper level, with three hydro meters already in place. The classic brick exterior and deep urban lot provide strong potential for renovation, redevelopment, or customization to suit your vision. The property includes a private backyard with a detached shed providing additional storage, as well as a side driveway offering convenient off street parking. An unfinished basement adds further potential for storage or future improvements. The property also backs onto a rear alley that is currently fenced, though access could be created with the installation of a gate, similar to neighbouring homes that use the alley for parking access via Robert Street. Situated just steps from Elgin Street and within walking distance to the Rideau Canal, National Arts Centre, downtown Ottawa, Ottawa University, Lisgar Collegiate, bike and walking paths, LRT, and countless restaurants and cafés, this property offers an unbeatable location in a quiet and established neighbourhood. A rare opportunity to secure a property in the heart of the Golden Triangle with outstanding long term potential. Property sold as is, where is. 24 hour irrevocable on all offers.
160 George Street 1-37, Ottawa Centre
Office
$675,000
FOR SALE
A rare opportunity! Complete 2nd floor offered for sale at the St George located in the Ottawa Market. Approximately 5,200 square feet. Fantastic location for many types of growing businesses, lots of room here. Security guard at the front door. Beautiful and well managed condominium building. 2 separate entrances and staircase to this second level commercial space (view photos attached). Being sold under Power of Sale. As per form 244: 72 hours irrevocable on all submitted offers (no exceptions). Immediate possession. Reception area has immediate access to side entrance for convenience. Lots of separate offices, washrooms (2), shower room, 2 kitchens. Lots of space, lots of potential.
330 Kent Street, Ottawa Centre
Commercial Retail
$2,495,000
FOR SALE
396 Cooper Street, Ottawa Centre
Commercial Retail
$7,800,000
FOR SALE
This four-storey mixed-use building offers a rare opportunity to own your place of business in one of Ottawa's most walkable neighbourhoods. With up to two full floors of recently updated vacant office space, and two floors leased to national and local tenants, this asset combines stability and flexibility for owner-users or strategic investors. PROPERTY HIGHLIGHTS: 28,996 SF across 4 storeys with elevator access, Occupy 7,000SF to 14,500 SF potential vacancy across 3rd & 4th floors, Income-Producing Ground and Second Floors with Tim Hortons, Henry's Photo & others, 30 Surface Parking Spaces - extremely rare in Ottawa's core, Recent Upgrades: Elevator (2020), windows (2012), HVAC, and finishes, Easy access to Bank Street, the Queensway, and multiple transit lines, Prime Corner-lot exposure at Bank & Cooper with tremendous branding potential, Future-Proof - Zoned TM H(19): Supports residential conversion or mixed-use redevelopment.
123 Bank Street, Ottawa Centre
Sale Of Business
$249,900
FOR SALE
Well-established educational and tutoring center available for sale. This turnkey opportunity provides a structured and supportive learning environment focused on academic support, skill development, and enrichment for school-aged children. The business has built a strong reputation for delivering quality instruction and personalized learning programs tailored to individual student needs. The center offers a welcoming setting designed to promote focus, confidence, and measurable academic progress. Fully equipped and operational, this is an excellent opportunity to acquire a respected education-based business with a solid foundation and continued growth potential.
431 Bank Street, Ottawa Centre
Commercial Retail
$699,000
FOR SALE
Well-positioned main street commercial property suited to owner-occupiers and investment buyers alike. Offered vacant on iconic Bank Street, this 1,500 sq. ft. street-level commercial space presents a rare opportunity to secure frontage along one of Ottawa's most established urban corridors. The efficient two-level layout supports strong main-floor visibility while providing functional lower-level space for storage, production, private services, or back-of-house operations, allowing flexibility for direct occupancy or strategic tenant placement. Zoned MS1 H(30), the property permits a wide range of commercial uses, enhancing long-term adaptability and income potential. Surrounded by established retailers, restaurants, and growing residential density, 431 Bank Street benefits from steady pedestrian activity and enduring demand for well-located main street space, supporting curated occupancy, stable income generation, or long-term appreciation within Ottawa's core urban fabric. ADDITIONAL DETAILS FOUND IN "MORE INFORMATION" LINK BELOW.
455-457 Somerset Street, Ottawa Centre
Investment
$2,240,000
FOR SALE
Welcome to 455/457 Somerset Street West a rare opportunity to acquire a turnkey 6-unit building in one of Ottawa's most vibrant and in-demand rental locations. This well-maintained property generates a strong NOI of $125,496.90, with a 5.60% cap rate, and bonus immediate upside: 1 purposely positioned vacant unit is ready for renovation, allowing the next owner to quickly increase rental income and unlock further value. Each of the six units offers a spacious, thoughtfully designed layout that promotes long-term tenant satisfaction. With a tenant profile geared toward young professionals and transient renters, there is considerable potential to elevate rents to market levels with minimal capital investment. Situated in the heart of Centretown, steps to shops, restaurants, universities, and transit, this asset benefits from both premium location and consistent rental demand. Investors will appreciate the mix of stability and opportunity ideal for portfolio growth or as a high-performing entry into Ottawa's multi-residential market. Feature sheet available which breaks down all unit sizes and lease information. Vacant unit rent assumed in listed NOI.
464 Bank Street 5, Ottawa Centre
Sale Of Business
$199,900
FOR SALE
A rare opportunity to acquire the only dedicated flotation therapy spa in the City of Ottawa. Located in the heart of downtown, this fully built-out, beautifully designed wellness space offers a unique, competition-free position in a growing health and recovery market. As the sole provider of float therapy in the city, this business has established itself as Ottawa's destination for stress relief, mental clarity, athletic recovery, and holistic wellness. With growing awareness around mental health, burnout prevention, and recovery therapies, flotation therapy continues to gain traction making this a strategic acquisition for a wellness entrepreneur or investor looking to own a truly unique offering in the nation's capital. The business is also easy to run and learn. No experience necessary. No real inventory or cost of goods. Simple easy business with lots of up-side
277 Sparks Street, Ottawa Centre
Sale Of Business
$250,000
FOR SALE
Well-established owner-operated cafeteria in Ottawa's business district, serving government employees, construction workers, and sales professionals. Open Monday to Friday, 6:00 AM-3:00 PM, closed evenings and weekends, offering an excellent work-life balance. The business benefits from strong walk-in traffic, repeat clientele, and a simple daytime operation. Ideal for an owner-operator seeking stable income and lifestyle-friendly hours.
168 O'connor Street, Ottawa Centre
Commercial Retail
$1,149,000
FOR SALE
Property offered under Power of Sale with offers evaluated on a first-come, first-served basis. A unique acquisition and potential repositioning opportunity in a growing urban market node. Attractive owner-occupier or owner-investor opportunity featuring a front-facing retail unit with multiple residential apartments across the lower level, ground floor, and second floor. Strong street-front retail exposure with excellent visibility and close proximity to Downtown Ottawa's key amenities, employment nodes, and transit infrastructure. Exceptional connectivity with convenient access only minutes from Highway 417. Well located on O'Connor Street, one of Ottawa's busiest arterial corridors, positioned just outside the Central Business District. Property being sold on an "as-is, where-is" basis under power of sale provisions.
338 James Street, Ottawa Centre
Commercial Retail
$1,333,000
FOR SALE
Prime corner location at Bronson and James in the heart of Ottawa! This versatile property offers excellent visibility and high pedestrian and vehicle traffic perfect for retail or office use. Bright, open space ready to accommodate your business vision with plenty of on-site parking, a rare find in this central location. Great opportunity to establish your business in a vibrant and easily accessible area close to downtown amenities and major routes. Additional address is 409 Bronson.
698 Cooper Street, Ottawa Centre
Commercial Retail
$1,500,000
FOR SALE
Exceptional mixed-use fourplex prominently positioned on the corner of Cooper and Percy in the heart of high-demand Centretown. This income-generating asset features three residential units (one 3-bedroom, one 2-bedroom, and one 1-bedroom) plus a street-level commercial space currently leased to a barber shop until the end of 2027. The main floor offers excellent flexibility, currently configured as a three-bedroom residential unit with full basement alongside the commercial storefront. The second floor includes two well-appointed apartments, each with access to its own rooftop space and common washer/dryer. Residential units 1, 2 & 3 were renovated in 2021, with a new roof and new windows (3-bedroom unit) completed the same year. All appliances, light fixtures, HWT, and A/C units are included. Current rents: Barbershop approx. $35,670/year; 2-bedroom $23,400/year; 1-bedroom $19,680/year; 3-bedroom was recently owner-occupied (previously rented at $3,100/month) and is now vacant. Residential Neighbourhood Commercial zoning (R4UD (478) - C); buyer to complete due diligence regarding zoning and permitted uses under Ottawa zoning by-laws. Located steps to public transit and within walking distance to shops, restaurants, Chinatown, Little Italy, Lebreton Flats, and directly across from the Rideau Curling Club. A high-visibility corner property primed for growth-ideal for investors seeking stable income, value-add potential, or an owner-occupier opportunity. Check out our video tour.
228 Albert Street, Ottawa Centre
Sale Of Business
$299,000
FOR SALE
Step into the world of business ownership and be your own boss with this remarkable opportunity: your very own fully fixtured & equipped, fully operational, and highly profitable restaurant. Nestled in a prime location in downtown Ottawa, with continuous retail traffic, this turn-key establishment boasts a loyal clientele base, excellent reviews, and everything you need to hit the ground running. Why start from scratch when you can seize this chance at a fraction of the cost? Say goodbye to the headaches of renovations and costly equipment purchases - it's all set up and ready for you. With its blend of affordability and potential return on investment, this venture promises a bright future as a restaurant owner. Don't hesitate. Schedule your private viewing and step into the world of entrepreneurship. Please refrain from approaching business staff or customers during operating hours. Visits are available by appointment only through listing brokerage office.
#140-350 Albert Street, Ottawa Centre
Sale Of Business
$325,000
FOR SALE
An outstanding opportunity to own a thriving, well-established restaurant in the heart of downtown Ottawa. This turnkey business comes with all equipment owned, and the seller has complete financials available, demonstrating strong and consistent performance. Assume the existing lease of $ 3k+ taxes, utilities included, with an option to re-negotiate and extend, offering long-term stability in one of Ottawa's most desirable commercial locations. Perfectly situated in the core of the business district and surrounded by offices and government buildings, the restaurant benefits from steady foot traffic and excellent accessibility. Beautifully maintained and operating successfully, this is a rare chance to acquire a proven business in a premium location. Don't miss this exceptional opportunity! The Seller is willing to consider a Vendor Take-Back (VTB) financing arrangement, with terms and conditions to be negotiated and agreed upon by the parties. All information provided is deemed reliable but is not guaranteed and should be independently verified by the buyer.
498 Gladstone Avenue, Ottawa Centre
Investment
$819,900
FOR SALE
Positioned on a high-visibility corner in the heart of downtown Ottawa, this fully vacant duplex offers a rare & flexible opportunity in one of the city's most connected, walkable & rapidly evolving neighbourhoods. Featuring two 2-bed units, along with four on-site parking spaces, the property provides immediate options for investors, developers, or owner-occupiers, with strong potential for redevelopment. Set on a northwest-facing corner lot the property benefits from Traditional Mainstreet zoning [TM14 H(17)], allowing for a variety of residential or mixed-use possibilities. This zoning supports everything from low - to mid-rise residential & boutique multi-unit projects to commercial space with residential above, making it well suited for thoughtful growth in line with the City's long-term vision. Full municipal services are already in place, offering a smooth path for both current use & future plans. A rare advantage in this urban setting is the four owned off-street parking spaces with access from Lyon Street, adding everyday convenience & long-term value. The corner lot layout also allows for flexible, efficient building design & strong street presence. The location truly sets this property apart. With Walk Scores in the mid to high 90s, everyday amenities such as groceries, cafés, restaurants, parks, boutiques & essential services are just steps away. The property is well served by multiple OC Transpo routes & is moments from Lyon LRT Station, providing quick access to downtown, major employment centres & the wider city. Surrounded by ongoing & future development, this central location continues to benefit from strong demand & long-term growth. Whether you're looking for a duplex with immediate potential, a smart land holding, or a prime infill opportunity, this is a compelling chance to secure a highly visible corner property in Ottawa's urban core.
226 Argyle Avenue, Ottawa Centre
Office
$2,950,000
FOR SALE
An exceptional investment opportunity in the heart of Ottawa's Centretown, this distinguished three-storey office building with a full basement offers 6,128 square feet of well-designed space behind a classic brick façade. Purpose-built for professional use, the property combines timeless architectural appeal with modern functionality, ensuring enduring tenant demand. Strategically located at the crossroads of Downtown, Centretown West, Chinatown, and The Glebe, the building offers a prestigious business address with unmatched connectivity. Immediate access to Highway 417, major transit routes, and Ottawa's core business and government districts enhances its appeal for a wide range of occupiers. Place your business at the crossroads of convenience and connectivity. Just steps from Bank Street and Elgin Street, tenants enjoy immediate access to Ottawa's diverse dining, retail, and professional services. The building is minutes from Highway 417, providing effortless commutes across the city, while major bus routes and cycling paths further enhance accessibility. Its Centretown setting ensures proximity to government offices, the downtown financial district, and cultural landmarks, making it an ideal location for businesses seeking both prestige and practicality.
228 Bank Street, Ottawa Centre
Sale Of Business
$168,000
FOR SALE
Located in the heart of Centretown - This recently fit-up and fully renovated restaurant is available for purchase. Continue the same concept / business OR bring your own idea and take advantage of the existing infrastructure and hit the ground running! This 60 seat restaurant is fully fit-up with 2 x hood-fans (including one that is equipped for cooking with charcoal), fryers, grills, smoker, stoves, refrigerators, TVs, accessible bathrooms, and much more!.. No messing around with designers and contractors to complete a full fit-up! Located close to the heart of Ottawa's business district, close to numerous government and office buildings as well as Ottawa's nightlife, and easily accessible from all areas in the city, this is in a perfect location to serve both repeat and new customers! Quick closing possible!.. Assume the existing Lease with attractive Lease rates.... 2576 square feet PLUS full basement space. Contact today for more information.
566 Bay Street, Ottawa Centre
Store W Apt/Office
$999,000
FOR SALE
Investors /Builders take note! This is a great and unique offering features a commercial building with approximately 3,000 sq. ft. of functional space, complemented by a single-family home on-site. Both buildings need work! Large lot of roughly 5,888 sq. ft., Right on Catherine, the property provides excellent potential for mixed-use purposes. Its versatile layout allows for a combination of commercial operations and residential use, making it an attractive opportunity for investors, owner-users, or redevelopment. Located at corner of Catherine and Bay Street, this property benefits from strong visibility, convenient access, and proximity to surrounding amenities. With ample square footage and dual-use potential, it represents a rare chance to secure a flexible asset in a prime location.
577 Gladstone Avenue, Ottawa Centre
Commercial Retail
$299,900
FOR SALE
Here is a fantastic opportunity for you to have your own well established turn key restaurant. This 44 seat restaurants has additional seating with an outdoor patio which is perfect during the warmer season. Situated in the heart of Centretown, with onsite and street parking available, your local clientele is vast, with residential neighbourhoods, office and business patrons and Government offices in close vicinity. The sale includes all equipment needed and the interior is modern and clean, creating an inviting atmosphere. The spacious layout provides versatility, accommodating various types of cuisines and dining concepts. This restaurant space is ideal for a new or experienced restaurateur looking to capitalize on a high-demand location. Possibilities are endless!
205 Catherine Street, Ottawa Centre
Office
$7,500,000
FOR SALE
Freestanding two-storey office building available for sale in prime Centretown. Ideally located near Catherine and Bank Street, this concrete-constructed property offers 23,354 sq ft of flexible, turn-key office space across multiple suites, featuring a mix of enclosed offices, open work areas, reception spaces, boardrooms, and kitchenettes, with in-suite or shared washrooms. Large window lines provide excellent natural light, and the solid construction ensures a quiet, professional environment. The building includes convenient access between floors, including freight elevator service from the lower level, and is supported by 36 on-site parking spaces, a rare amenity in this urban location. Walkable to public transit, HWY 417, and numerous surrounding restaurants, cafés, shops, and services. Recent density studies and local housing initiatives further enhance the property's appeal for developers, investors, and owner-occupants seeking a well-located, adaptable asset in one of Ottawa's most desirable districts.
186 James Street, Ottawa Centre
Investment
$3,195,000
FOR SALE
Beautifully restored 11-unit multi-family building in the heart of Ottawa, fully leased and income-producing from day one. New Build Quality Without New-Build Risk: In a central area with limited new supply, this fully modernized, turn-key property delivers near-new-build quality without the cost or risk of new construction. Capital Improvements (2015): New boiler; Roof replacement; Addition of air conditioning; & Installation of common laundry room. A turn-key investment, fully modernized with minimal near-term capital requirements and strong tenant retention. Well-appointed suites finished with durable materials that marry historic character with contemporary livability-engineered for sustained rental performance. Daily conveniences including grocery, pharmacy, and fitness are moments away, while major federal and municipal employment hubs anchor consistent demand. Seamless access to Highway 417, key arterials, and transit ensures connectivity across the city. A walkable, centrally positioned urban setting-bordered by Chinatown, Elgin Street, and the ByWard Market-drives tenant retention and long-term occupancy.
320 Bank Street, Ottawa Centre
Sale Of Business
$149,000
FOR SALE
Opportunity Knocks! Excellent opportunity to own a well established and lucrative Pizza store located in the busy downtown on Bank Street This busy location benefits from strong foot traffic a loyal customer base and consistent delivery and take out sales surrounded by many condo and office buildings and student housing the business enjoys a steady demand throughout the week . This great business has been at the same location for over 36 years and has a great proven track record! This fully equipped business is ready for your family and the owner willing to train the new owner! 4 parking spots (at the back) are included! See it today!
569 Gladstone Avenue, Ottawa Centre
Commercial Retail
$1,175,000
FOR SALE
Investors, take note! This great income property features two apartments and one commercial unit. The commercial unit is a restaurant, rented for $3,000 per month. Apartment two is rented for $1,750, and apartment three is rented for $1,450 per month. Gross income is $73,800, and the net operating income is $62,500. Please see it today!
412 Maclaren Street, Ottawa Centre
Office
$1,799,000
FOR SALE
Prominently located in Ottawa's Centretown, this three-storey office building offers 4,487 SF of beautifully maintained space with exceptional curb appeal. The building features an extremely functional layout with a welcoming reception area, oversized enclosed offices, kitchenette with eat in area and a generously-sized boardroom. The large printer/photocopy room and usable basement provide excellent additional storage. With ample on-site parking, a rare feature in this part of the city, it's ideally suited for professional services, creative studios, consultants, wellness practitioners, or community organizations seeking a central location that's both inviting and functional. Surrounded by urban amenities and just minutes from Highway 417, 412 MacLaren blends convenience, character, and flexibility in a truly unique downtown setting.
237-239 Metcalfe Street, Ottawa Centre
Office
$3,850,000
FOR SALE
Located at the corner of Somerset Street in Centretown Ottawa, 237-239 Metcalfe Street is a distinguished three-storey Victorian-style heritage building constructed between 1876 and 1877 and extensively refurbished. The property comprises a three-storey office building with a partially finished basement and onsite exterior parking. It offers an above-grade gross floor area (GFA) of 7,367 square feet (sf), plus an additional 2,940 sf of finished and unfinished basement space, for a total building area of approximately 10,307 sf. Office improvements include; +/- 15 offices, with one (1) executive boardroom, three (3) meeting rooms, seven (7) washrooms, one (1) shower, one (1) kitchen. There are +/- 12 surface on-site parking spaces. Ideally situated in the heart of Centretown, the building enjoys proximity to parks, restaurants, schools, and essential services. Its central location provides excellent accessibility-just minutes from Highway 417 and approximately 1km from the Parliament LRT station-making it a highly convenient and strategic address for any business.
479 Cooper Street, Ottawa Centre
Investment
$1,575,000
FOR SALE
Located in the heart of vibrant Centretown, this fully leased six-unit, multi-family building offers an exceptional investment opportunity. With a prime location, offering easy access to downtown Ottawa, shops, restaurants, and public transit, this property combines steady rental income with strong potential for long-term growth. A combination of spacious one and two bedroom units, all well maintained with many updates and improvements throughout. The property also features 9 legal parking spaces, a rare and valuable feature in this desirable urban area. Don't miss out on this investment gem!
260 Nepean Street, Ottawa Centre
Commercial Retail
$1,150,000
FOR SALE
Standalone two story restaurant building for sale in the heart of Centretown. Sitting on a 33' x 65' lot, this property offers approx. 2,500 SF of restaurant space in addition to a second level (walk-up) bachelor apartment. Main level features dining and bar areas plus a fully built out kitchen with all equipment included (as-is). Stairs lead to the lower level with two (2) bathrooms for restaurant guests. Second level features two separate dining areas and two (2) bathrooms. Storage, walk-in fridge and staff bathroom on the lower level off the kitchen. Apartment has a separate entrance at 244 Kent Street with a kitchen, living room and bathroom. It is currently vacant and has been used primarily for storage. Three (3) onsite parking spots. Great opportunity for an owner-occupier looking to open or relocate a restaurant. High visibility and traffic along Kent Street. Walking distance to downtown Ottawa, Parliament, ByWard Market, and many amenities. Easy access to transit including Parliament LRT station and buses along Bank Street.
549 Gladstone Avenue, Ottawa Centre
Commercial Retail
$949,000
FOR SALE
**Property is being sold Power of Sale** Welcome to 549 Gladstone, a unique residential/commercial property situated in the vibrant downtownarea of Ottawa. This property offers incredible versatility. The main floor currently features retail space, while the second floor includes twoapartments. Additionally, a third apartment adds to the rental income potential. The property also includes a side lot with parking for fourvehicles and a full basement with a separate entrance, offering potential for additional development or rental space.
668 Cooper Street, Ottawa Centre
Investment
$1,200,000
FOR SALE
Introducing 668 Cooper Street, a fully turnkey fourplex that blends timeless character with thoughtful modern upgrades. With more than $120,000.00 invested in renovations and a strong tenant base, this property is a solid and appealing addition to any real estate portfolio. The building features three one-bedroom apartments and one expansive two-bedroom suite. The two-bedroom unit offers two bathrooms, a gas fireplace, access to basement storage, and a private patio and yard. Each one-bedroom unit has its own charm: one includes a bright glass-enclosed balcony and kitchen, another offers a welcoming foyer with garden views and excellent storage, while the loft-style unit boasts a skylight and private rooftop terrace. Important upgrades to the property include roof sections replaced within the last 11 years, updated wiring, a newer boiler, and a fire code retrofit completed in 2003. The property offers a Gross Operating Income (GOI) of $88,080 and a Net Operating Income (NOI) of $64,976, reflecting a cap rate of 5.4%.
427 Gilmour Street, Ottawa Centre
Office
$1,599,000
FOR SALE
Discover the perfect business headquarters at 427 Gilmour St! This meticulously maintained 3,744 SF building offers a prime opportunity for business owners. With two floors (2,424 SF) available for occupancy and income from the ground floor tenant who just signed a 5-year lease, it's a versatile investment. Conveniently located on the north side of Gilmour St between Kent and Bank Street, this vibrant neighbourhood boasts trendy cafes and boutiques. Professionals like lawyers, accountants, consultants, and associations will find the layout ideal, featuring open-concept spaces, a collaborative boardroom, a kitchenette, and ample natural light with exposed brick accents. Plus, enjoy the convenience of 8 dedicated parking spaces.
455-465 Bank Street, Ottawa Centre
Commercial Retail
$15,250,000
FOR SALE
Unique opportunity to acquire highly desirable urban retail leased to AAA covenant tenants. 25,896 SF of urban retail with 50 underground parking stalls. Tenants include LCBO, Shoppers Drug Mart and Starbucks. Located in downtown Ottawa, in the heart of Centretown. Highly accessible location at the busy intersection of Bank Street and Gladstone Avenue. These Freehold units have been institutionally managed and provide an investor long-term stabilized cash flow.
172 - 174 James Street, Ottawa Centre
Investment
$1,590,000
FOR SALE
Investment in Centretown! This solid 6 unit building is situated on a large 50 x 109 lot. 4 x 2-Bedroom units and 2 x 1-Bedroom units, with a 7th additional illegal unit in the basement. The building could potentially be completely vacant on closing. The Seller is open to providing a vendor take-back (VTB) mortgage. Rents are projected.
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