159 COLONNADE ROAD, Ottawa

$3,600,000

For sale: Other

Other at 159 COLONNADE ROAD, Ottawa
Property type
Industrial
MLS®
MLS® X13160928
Neighbourhood
7203 - Merivale Industrial Park/Citiplace

Freestanding building with ample parking in the established Colonnade Business Park. Three in-place tenants generate $91,445 of Year 1 basic rent. Owner-user occupies 4,589 SF (42%) vacant on closing. The 10,901 SF flex building sits on 0.88 acres in Colonnade Business Park with IM zoning, 6 bays, a partial 2nd-floor office, and recent roof, paving, and HVAC capex. 600A 240V 3-Phase + 225kVA available, sized for industrial owner-occupants and trades. Ideal for industrial owner-occupants who want immediate space plus income, with room to absorb the leased portion as tenant rolls open. Phase I ESA clean (April 2026).

Sold data

Other homes in Ottawa — recent sold market

Other homes in Ottawa took a median of 28 days to sell over the last 730 days, with the quickest quarter selling within 11 days and the slowest quarter taking more than 58, across 45 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 35 days.

The median sale price was $799,000.

Homes sold for about 2.5% below asking on average, so there was room to negotiate.

About 13% of sales closed above the list price.

Around 20% of sellers reduced their price before finding a buyer.

Median days to sell
28
Median sale price
$799,000
Sale-to-list ratio
97.5%
Sold above asking
13%

Based on 45 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Ottawa

Ottawa has 217 Fraser Institute–rated schools (174 elementary and 43 secondary), averaging 6.2/10.

Rated schools
217
Elementary
174
Secondary
43
Average rating
6.2 / 10

Top-rated schools in Ottawa

  • Hopewell Avenue — elementaryFraser rating 8.5/10
  • Agincourt Road — elementaryFraser rating 8.4/10
  • First Avenue — elementaryFraser rating 8.4/10
  • Nepean — secondaryFraser rating 8.3/10
  • Elmdale — elementaryFraser rating 8.2/10
  • Jean-Robert Gauthier — elementaryFraser rating 8.2/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 159 COLONNADE ROAD