$869,000
57 Amberlakes Drive
Stittsville (Central), Ottawa
- 3 bd
- 3 ba
- House
1 / 24
$8,500,000
Stittsville (Central), Ottawa, ON K2S2R2 · MLS® X13206788
Hazeldean Square is a recently constructed and fully leased commercial property in Ottawa's thriving Stittsville suburb. The asset comprises two buildings totaling 14,395 sq. ft. of leasable area on a 0.84-acre site, with 62 parking spaces. Built in 2020, the property is 100% occupied by six established tenants, featuring strong national and regional brands, healthcare anchors, and service providers, ensuring stable, diversified income. The property boasts a weighted average lease term (WALT) of 5.7 years, with recent tenant expansions reflecting confidence and long-term commitment. All leases contain incremental rent increases. Located in a high-growth, affluent community, Hazeldean Square benefits from robust local demographics, strong retail demand, and proximity to major amenities. This property offers investors secure, predictable cash flow and long-term upside in one of Ottawa's most dynamic suburban markets. (id:65933)
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Estimate only, not financial advice. Rent is reduced by vacancy, then management is taken on the rent collected; net operating income = that, less property tax and other costs; cap rate = net operating income ÷ price; cash flow also subtracts the mortgage (semi-annual compounding, as Canadian mortgages use). Vacancy default: CMHC Rental Market Report, Ottawa, October 2025.
Listed by Capital Commercial Investment Corp..
Listing data provided by REALTOR.ca DDF® and owned by The Canadian Real Estate Association (CREA). Deemed reliable but not guaranteed.