About 1010 Polytek Street

For more info on this property, please click the Brochure button. Excellent Turnkey Industrial Investment or Owner-Use Opportunity in Ottawa! This rare 4,000 sq. ft. industrial condominium, comprising Units 44 and 45, presents an outstanding opportunity for both investors and owner-operators. Currently fully leased, the property generates strong monthly rental income of $7,000, totaling $84,000 annually. The connected units each feature private entrances and offer the flexibility to occupy part of the space while leasing the remainder to offset ownership costs. The property includes one grade-level 7' x 8' shipping door and spacious, open-concept warehouse areas on the main floor, suitable for storage, showroom display, or adaptable operational use. Approximately 2,500 sq. ft. of finished office space is spread across two floors, including a reception area, boardroom, multiple private offices, and usable common areas such as hallways and stairwell access. The main floor is heated by gas, while the second floor utilizes electric baseboard heating, offering energy efficiency throughout. Additional features include three washrooms (two 2-piece and one 3-piece), two kitchenettes (one per floor), a new hot water tank installed in 2022, and a new air conditioning unit installed in 2023. As a corner unit, Unit 45 benefits from excellent natural light, and the office spaces are offered furnished and ready for immediate use. Financial highlights for 2025 include property taxes estimated at $10,393, insurance at $1,300, and management/condo fees at $13,512, resulting in an estimated Net Operating Income of $58,795 and a projected cap rate of approximately 7%. Situated just off Highway 417, this property offers a prime location with ample surface parking and is zoned for light industrial and warehouse uses. This is an exceptional opportunity for a business owner seeking to establish operations while generating passive income.

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