Property Highlights:

Downtown Ottawa is the economic and cultural heart of the city, combining employment, government, retail, housing, entertainment and cultural activities. It encompasses the elegant riverside core of old Ottawa, the government buildings on Parliament Hill, the Rideau Canal, a UNESCO World Heritage Site, drawing over 5 million tourists and residents alike throughout the year. The Central Business District (“CBD”)employs approximately 100,000 people and currently holds over 18 million square feet of office space, while approximately 6,000 hotel rooms and the growing condo boom and nearby universities contribute to the surrounding residential population. The Ottawa Light Rail system (OLRT), with 3 underground stations located within downtown, provides easy access to significant attractions and employment nodes.

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Terms:

•Timing: Immediate

•Size approx.: 694sf (unit 120)

•Term: 5+5 yr renewal

•Monthly approx. rent:$4,489.02

Rent estimate includes TMI – Subject to Utilities and TAX

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Investment Estimate:

•Construction: $145,000-$250,000

•Inventory: $15,000-$30,000

Construction, equipment& inventory cost varies by concept, space, &condition

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