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Marcus & Millichap Real Estate Investment Services Canada Inc., Brokerage » Investment Sales » Retail & Office Leasing » Research » Advisory Services
EXCLUSIVELYLISTED BY: AIK ALIFERIS * NICK PANTIERAS TAREK MANSOUR MarcusMillichap.ca
Senior Managing Director, InvestmentsCommercial Real Estate Broker Toronto Direct 416-585-4659Ottawa Direct [email protected]
Senior Managing Director, InvestmentsCommercial Real Estate Broker Toronto Direct 416-585-4661Ottawa Direct [email protected]
Licensed, Sales Office AssistantToronto Direct 416-585-4651Direct [email protected]
200 King Street West, Suite 1210Toronto, Ontario M5H 3T4
275 Bank Street. Suite 301Ottawa, Ontario K2P 2L6
* licensed under Primecorp Commercial Realty Inc., Brokerage
RETAIL INVESTMENT OFFERINGIN HISTORIC BYWARD MARKET
27 YORK STREETOTTAWA, ONTARIO, CANADA
PROPERTY HIGHLIGHTS• Three-storey freestanding urban retail
building with ±12,500 SF of above-grade leasable area, plus basement
• Prominent address in the Byward Market’s York Street Plaza, benefits from immense foot traffic. A year round shopping and nightlife destination for locals and tourists
• Building can be delivered vacant for an owner-occupier, providing outstanding opportunity to rebrand entire façade for excellent exposure
• Currently 100% occupied, providing holding income - current Tenants are operating successfully and willing to stay
• Ottawa is officially the 4th city in Canada to reach a population of 1 million as of June 2019, according to Statistics Canada
• Historically stable market with a strong business environment for commercial, retail, hospitality and industrial sectors providing a diversified economic base
• Unpriced. Vendor seeks best offering price for this rare investment opportunity
Marcus & Millichap Real Estate Investment Services Canada Inc., Brokerage
Real Estate Investment Sales » Retail & Office Leasing » Research » Advisory Services » MarcusMillichap.caThis information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and
bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. ©2019 Marcus & Millichap. All rights reserved.MOVING CAPITAL. MAKING MARKETS. MAXIMIZING VALUE.
OUTSTANDING LOCATION
Total Daytime Population
120,097
MARKET DATA | 3 KM RADIUS OF 27 YORK STREETTotal Population
117,276
Median Age
36.2
Average Household Size
2.6
Renters
70%
Owner
30%
Average Household Income
$94,924
High School Certificate: 9,729 Trade/Apprenticeship: 2,520College Diploma: 9,016 Post-Secondary Degree: 42,125
27 YORK STREETOTTAWA, ONTARIO, CANADA
RETAIL INVESTMENT OFFERINGIN OTTAWA’S URBAN CORE | BYWARD MARKET
The Byward Market is one of Canada’s oldest and largest public markets covering an area of roughly four blocks square. It is one of Ottawa’s top tourist attraction, and is a premier destination for shopping, dining, arts, entertainment, and professional services.
During the summer months, the Byward Market averages 50,000 visitors per weekend, and is home to both a local farmers’ market with over 260 stands, as well as over 500 businesses. Museums, cafés, specialty food shops, a farmer’s market, boutiques, galleries, restaurants, and pubs can be found in this vibrant neighbourhood. Parliament Hill, the Château Laurier, the Rideau Centre, the National Gallery of Canada, and the Rideau Canal are all within walking distance to the Byward Market. New hotel and high-rise developments in the area have lead to a significant increase in the local trade area population and traffic.
• Site area: ± 0.07 acres (4,200 SF)• Frontage: 36 FT | Depth: 104 FT (irregular)• Zoning: Mixed-Use Downtown, Heritage
Overlay• Property Taxes: $67,814 (2019)• Grade: Flat• PIN: 042150110• Legal description: PLAN 42482 W PT LOT 5
YORK N;S PT LOT 5 CLARENCE S;RP5R-12316 PTS 3 - 4
SNAPSHOT OF AREA
SITE DETAILS
EXCLUSIVELY LISTED | FOR MORE ON THIS ASSET
AIK ALIFERIS*Senior Managing Director, InvestmentsCommercial Real Estate Broker Toronto Direct 416.585.4659Ottawa Direct [email protected]
NICK PANTIERASSenior Managing Director, InvestmentsCommercial Real Estate Broker Toronto Direct 416.585.4661Ottawa Direct [email protected]
* licensed under Primecorp Commercial Realty Inc., Brokerage
Marcus & Millichap Real Estate Investment Services Canada Inc., BrokerageReal Estate Investment Sales » Retail & Office Leasing » Research » Advisory Services » MarcusMillichap.ca
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. ©2019 Marcus & Millichap. All rights reserved.
TAREK MANSOURLicensed, Sales Office AssistantToronto Direct 416.585.4651Direct [email protected]
MARCUSMILLICHAP.CA200 King Street West, Suite 1210Toronto, Ontario M5H 3T4
275 Bank Street. Suite 301Ottawa, Ontario K2P 2L6
RETAIL INVESTMENT OFFERINGIN HISTORIC BYWARD MARKET
27 YORK STREETOTTAWA, ONTARIO, CANADA