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505 O'Connor Street
4101 - Ottawa Centre Ottawa K1S 1Y8

$2,195,000 /For Sale
Commercial

Main Photo: 505 O'Connor Street in Ottawa: 4101 - Ottawa Centre Commercial for sale (Ottawa Centre)  : MLS®# X12263635
Photo 1: 505 O'Connor Street in Ottawa: 4101 - Ottawa Centre Commercial for sale (Ottawa Centre)  : MLS®# X12263635
Photo 2: 505 O'Connor Street in Ottawa: 4101 - Ottawa Centre Commercial for sale (Ottawa Centre)  : MLS®# X12263635
Photo 3: 505 O'Connor Street in Ottawa: 4101 - Ottawa Centre Commercial for sale (Ottawa Centre)  : MLS®# X12263635
Status:
Active
Prop. Type:
Commercial
MLS® Num:
X12263635
Bus Major:
Medical/Dental
505 OConnor Street presents a rare opportunity to acquire a mixed-use property in the heart of Ottawas highly desirable Glebe neighbourhood. Situated on the corner of OConnor Street and Monkland Avenue, the ~4,400 square foot building features a ground-floor commercial space (~1,800 SF), currently operating as a medical office, which can be delivered vacant or open to short-term leaseback. With recent capital improvements, including a new furnace, boiler, and roof, the space is ideally suited for medical or professional uses. Its prominent corner location offers excellent visibility, with signage potential, and convenient access to transit and Highway 417. Above the commercial space are two fully leased residential units, each occupying its own floor: a spacious three-bedroom unit (~1,800 SF) and a two-bedroom unit (~800 SF). These units provide steady cash flow and appeal to a wide tenant base, including families, professionals, and students, thanks to the Glebes walkable amenities, nearby retail, and proximity to Bank Street. This offering is well suited for owner-users seeking to occupy quality space while benefiting from the residential rental income, or investors looking for long-term value in a stable, centrally located asset.
Property Type:
Commercial
Property Sub Type:
Office
Freestanding:
Yes
Total Area:
5314 sq. ft. Acres
Total Area:
5,314.32 sq. ft.
Office/Apt Area:
4400 sq. ft. Sq Ft
Depth:
99'11"
Frontage:
57'5"
Lot Shape:
Irregular
Water supply:
Municipal
Zoning:
R1MM[504] H(10.5)
Heating type:
Gas Forced Air Closed
Garage:
Lane
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$28,509.65 / 2024
Assessment:
$- / -
Ottawa Centre
4101 - Ottawa Centre
Ottawa
No
None
Utilities:
Yes
Air Conditioning:
Partial
Seller Property Info Statement:
No
Major Business Type:
Medical/Dental
Category:
Office
Date Listed:
Jul 04, 2025
Original Price:
$2,195,000
  • Photo 1: 505 O'Connor Street in Ottawa: 4101 - Ottawa Centre Commercial for sale (Ottawa Centre)  : MLS®# X12263635
    Photo 1 of 3
  • Photo 2: 505 O'Connor Street in Ottawa: 4101 - Ottawa Centre Commercial for sale (Ottawa Centre)  : MLS®# X12263635
    Photo 2 of 3
  • Photo 3: 505 O'Connor Street in Ottawa: 4101 - Ottawa Centre Commercial for sale (Ottawa Centre)  : MLS®# X12263635
    Photo 3 of 3
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Listed by CUSHMAN & WAKEFIELD and NON-PROPTX BOARD OFFICE
Data was last updated July 12, 2025 at 06:15 AM (UTC)
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