FOR SALE 174 FIRST AVENUE OTTAWA, ONTARIO
174 FIRST AVENUE LANSDOWNE PARK | TD PLACE
174 FIRST AVENUE 174 FIRST AVENUE | OTTAWA, ONTARIO CBRE | MARKETING FLYER THE OPPORTUNITY
CBRE Limited (“CBRE” or the “Advisor”) has been retained by the Seller to act as its exclusive advisor to facilitate the sale of 174 First Avenue (the “Property”), a former community hall located in Ottawa, Ontario. Situated in the heart of Ottawa’s Glebe neighbourhood, the Property occupies a prominent position near the corner of First Avenue and Bank Street. The 0.2-acre site is currently improved with a 2.5 storey building that could accommodate many uses including office. The ground floor is partially below grade and is currently occupied by a Children’s Preschool, an electrical room, boiler room, washroom and custodial room, and storage areas. The two floors above grade consist of private offices, large dance/fitness school rooms, washrooms and common areas. The site is zoned TM- traditional mainstreet which permits a broad range of uses. Given its off-Bank Street location and flexibility of uses, 174 First Avenue presents a unique opportunity for an owner-user or investor. The Seller has recently upgraded all major building systems to include a new 10 ton HVAC system, new electrical, new windows, new washrooms, and new security system.
PROPERTY DETAILS
Address 174 First Avenue, Ottawa, Ontario K1S 2G3 PIN 041330225 Legal Description LTS 34 & 35, PL 35085 , S/S OF FIRST AV ; OTTAWA/NEPEAN Building Area 5,800 square feet + 2,900 square feet in the lower level
Site Area ~ 8,223 square feet
Year Built 1957
# of Storeys 2.5
Parking 10 surface stalls Zoning TM – Traditional Mainstreet
Taxes (2019) $23,860 Asking Price $3,100,000.00
4 5 174 FIRST AVENUE | OTTAWA, ONTARIO CBRE | MARKETING FLYER SURROUNDING AREA ALTA VISTA NEARBY AMENITIES BILLINGS BRIDGE
1 TD PLACE
BRONSON AVENUE 2 CRAFT BEER MARKET OLD OTTAWA SOUTH
3 SPORTING LIFE COLONEL BY DRIVE 4 WHOLE FOODS LANSDOWNE PARK 1 2 5 LCBO 3 7 6 4 6 WINNERS 5 8 7 VIP CINEPLEX THEATRES 9 GLEBE GLEBE 10 8 KETTLEMAN’S BAGEL CO. FIFTH AVENUE MERI ALE ROAD 11 WEST HUNT LUB ROAD
9 BEER STORE LYON STREET SOUTH FOURTH AVENUE 12 10 BOOSTER JUICE
THIRD AVENUE 13 11 SCOTIABANK 174 FIRST AVENUE
12 CANADA POST SECOND AVENUE
14 13 METRO FIRST AVENUE 14 RBC ROYAL BANK
15 15 SHOPPERS DRUGMART