473 CUMBERLAND STREET, Ottawa

$15,000/mo

For rent: Other

Other at 473 CUMBERLAND STREET, Ottawa
Property type
Commercial Retail
MLS®
MLS® X14099130
Neighbourhood
4003 - Sandy Hill

A rare opportunity to lease an entire freestanding church building, approx. 13,000 sq. ft., in the heart of Sandy Hill, steps from the University of Ottawa, the ByWard Market and downtown. The offering includes the full sanctuary (approx. 6,500 sq. ft.), the approx. 6,500 sq. ft. lower-level recreation hall with kitchen, small stage, washrooms and meeting room, a private street-level entrance on Cumberland Street, and 2 on-site parking spaces. Zoned I1A (Minor Institutional), which permits a place of worship, place of assembly and a range of community uses. An ideal home for a growing, well-funded congregation ready for a place of its own, or a distinctive venue for wedding ceremonies, concerts, performances, rehearsals, community events and celebrations. The sanctuary provides a memorable setting for ceremonies and gatherings, while the lower hall supports receptions, programming and day-to-day operations. Net lease at $15,000 per month. No property taxes currently apply given the place of worship designation; tenant pays all operating, maintenance and utility costs. Multi-year term of 3 to 5 years required. Offered as-is. Tenant to verify that its intended use is permitted with the City of Ottawa.

Sold data

Homes in Sandy Hill — recent sold market

Homes in Sandy Hill took a median of 32 days to sell over the last 365 days, with the quickest quarter selling within 20 days and the slowest quarter taking more than 66, across 132 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 64 days.

The median sale price was $449,900.

Homes sold for about 3.2% below asking on average, so there was room to negotiate.

About 8% of sales closed above the list price.

Around 18% of sellers reduced their price before finding a buyer.

Median days to sell
32
Median sale price
$449,900
Sale-to-list ratio
96.8%
Sold above asking
8%

Based on 132 recorded sales in the last 1 year. 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 473 CUMBERLAND STREET