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Investment signal

$599,000

655 BAYVIEW DRIVE

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Baths

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Year

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Type

Retail

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

Constance Bay mixed-use investment opportunity, located 30 minutes northwest of Ottawa in a high-demand beach community. Vacant and prominently positioned on the main road, and within walking distance to beach access, this property features a 2,500 sq. ft. ground-floor retail space plus a second-floor three-bedroom residential apartment, suitable for residential or office use.The commercial unit is fully built out as a restaurant and bar, including a commercial kitchen with hood fan, ventilation system, and walk-in cooler, plus a second hood and vent at the front of the space. Two renovated bathrooms are in place.Zoning permits a range of retail and office uses, with additional potential for redevelopment into multifamily residential apartments. The property is vacant, allowing an investor or owner-operator to establish market rents or operate their own business.On-site front and side parking, a large rear yard, municipal water connection, and existing septic system complete this flexible investment offering. (id:65958)

Subtype: Retail
Community: 9301 - Constance Bay
Living area: 3,200 square feet
Lot dimensions: 71 x 235 FT
On market: Jan 22, 2026
Status changed: Apr 24, 2026
Annual tax: $6,800
Zoning: Village-Mixed
Photos: 12
MLS#: X12721720
Area: OTTAWA

Features and systems

Heating

Baseboard heatersForced airNatural gas

Cooling

Partially air conditioned

Negative cash flow ~$681/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

-6.82%

Cap rate

3.50%

GRM

16.6

Break-even rent

$3,717

Financing

Down payment$119,800

Loan amount$479,200

Mortgage$2,428/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$275

Insurance$80

Maintenance$499

CapEx reserve$250

Vacancy loss$150

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 $2,428/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.