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Investment signal

$429,500

35 - 1010 POLYTEK STREET

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Beds

Baths

2

Sqft

Year

Type

Industrial

Suite

Suite potential

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Ottawa. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Well-kept 2,000 sq. ft. commercial condo in a busy business park with quick access to Highway 417. The unit is split into two self-contained levels, each with its own entrance and bathroom, ideal for separate tenants or flexible business use. Currently rented. 1500 + HST all inclusive for upstairs and 1500 + HST all inclusive main level. Both rents are month to month and have 60 days notice in the rental contract to leave if the space sells. Bright, functional spaces throughout and ample shared parking on site. Low condo fees and reliable rental income make this a practical option for investors or future owner-occupiers. (id:65958)

Subtype
Industrial
Community
2104 - Canotek Industrial Park
Living area
2,000 square feet
Lot dimensions
Unit=1 x 1 FT
On market
Apr 7, 2026
Status changed
Apr 24, 2026
Annual tax
$5,052 (2025)
Zoning
Light Industrial
Photos
14
MLS#
X12967046
Area
OTTAWA

Features and systems

Appliances

Water Heater

Heating

Forced airNatural gas

Cooling

Fully air conditioned
Negative cash flow ~$275/mo at these assumptions

Cash on cash

-3.84%

Cap rate

4.10%

GRM

14.9

Break-even rent

$2,689

Financing

Down payment$85,900
Loan amount$343,600
Mortgage$1,741/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$197
Insurance$80
Maintenance$358
CapEx reserve$179
Vacancy loss$120

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $1,741/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.

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