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Investment signal

$4,150,000

1237 1255 COUSINEAU STREET

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Beds

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Baths

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Sqft

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Year

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Type

Industrial

Suite

Investment signal

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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

Attention investors and entrepreneurs! Exceptional opportunity to own a versatile multi-use commercial property on a spacious 38,233 sqft. lot in the heart of Orleans. This income-generating property includes a triplex, duplex, 950 sqft. shop/garage, and a 7,280 sqft. multi-tenant industrial building. The industrial space offers 20 ft ceilings, overhead loading doors, ample natural light, and heavy-duty equipment, providing excellent functionality for a range of uses. Ideally located near St. Joseph Boulevard amenities and just minutes from Highway 174, this property combines accessibility, versatility, and strong investment potential. A true gem in a prime location! Zoning to be changed to MS2. All information provided is deemed reliable but is not guaranteed and should be independently verified by the buyer. (id:65958)

Subtype: Industrial
Community: 2007 - Convent Glen South
Living area: 38,233 square feet
Lot dimensions: 99 x 220 FT
On market: Apr 15, 2026
Status changed: Apr 24, 2026
Annual tax: $21,826 (2025)
Zoning: R2N
Photos: 48
MLS#: X13001652
Area: OTTAWA

Features and systems

Heating

Forced airNatural gas

Cooling

Partially air conditioned

Negative cash flow ~$4,279/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.19%

Cap rate

3.63%

GRM

16.7

Break-even rent

$25,254

Financing

Down payment$830,000

Loan amount$3,320,000

Mortgage$16,822/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$1,902

Insurance$80

Maintenance$3,458

CapEx reserve$1,729

Vacancy loss$1,038

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 $16,822/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.