The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
On behalf of the owner, CBRE Limited, is pleased to present 1305 Algoma Road, Ottawa, Ontario. Located in the Ottawa East industrial business park, one of Ottawa's most established industrial nodes, 1305 Algoma Road offers an investor a unique purchase opportunity. Currently 100% occupied by a single tenant, with an expiry in Q2, 2028, and no further right to renew, the property delivers immediate cash flow with an opportunity to either extend the current tenant, occupy the property or release the property at the natural expiry of the Lease. 1305 Algoma is improved as a large vehicle service, dispatch, parking and storage facility. The 1.981-acre site is zoned IL H(14) - Industrial and Logistics Zone, supporting a wide range of industrial uses. The building is 11,464 square feet. The property benefits from excellent highway accessibility, with connectivity to Highway 417 at each Innes Road and St. Laurent Blvd. The area is serviced by public transit, with numerous routes within immediate proximity of 1305 Algoma Road. This is a unique opportunity to acquire existing cash flow and a property in a highly desirable and exceptionally scarce market area of Ottawa.
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
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A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$20,357/mo
Mortgage (principal + interest)$15,525
Property taxFrom listing: $57,990/yr$4,833
Minimum 20% ($830,000 on this price) applies to homes priced over $1.5M in Canada; the slider starts at 20%. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$830,000
Ontario land transfer taxProvincial brackets, no first-time refund$90,225
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$923,025
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Cyrville - Carson Grove - Pineview has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
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