509 RIDEAU STREET, Ottawa, Ontario, K1N5Z5

Property Description

An exceptional opportunity to lease a newly renovated, three-level commercial space in a highly visible and high-traffic corridor, offering a unique layout ideal for businesses seeking versatility and character. Totaling 1,097 sq. ft., this thoughtfully designed space spans three distinct levels, allowing operators to create multiple service zones, private work areas, or differentiated customer experiences under one roof. The layout is particularly well-suited for barber shops, salons, wellness concepts, boutique service providers, or creative businesses looking to add value by offering different services on each floor. The vertical design provides a strong opportunity to brand each level while maintaining operational flow and privacy where needed. The space includes one washroom, with efficient circulation throughout all levels. The unit has been recently renovated, and finished flooring will be installed by the landlord prior to tenant possession, allowing for a clean, turnkey foundation to customize your business vision. Excellent street presence and accessibility make this an attractive option for both established operators and new concepts looking to stand out. Lease rate: $2,375/month Additional rent (TMI): $9.91/sq. ft. Utilities: Extra. An optional $5,000 landlord allowance is available to assist with leasehold improvements (investment into the property for tenant use only), subject to landlord approval. With this allowance, the rent would be $2,650/month, based on a minimum 2-year lease term, at the landlord's discretion. A rare opportunity to secure a distinctive, multi-level commercial space designed to elevate your brand and support long-term growth in a dynamic urban setting. (id:64974)

Quick Facts

• Property Type: Retail
• Bedrooms: None
• Bathrooms: 1
• Living Area: 1,097 sq ft (101.9 m²)
• Parking: 1 space
• Frontage: 23 ft (7.1 m)

Costs

• Annual Taxes: $7,470.00 (2025)

Listing Provided by: EXP REALTY
Board: Ottawa Real Estate Board
Data provided via CREA DDF®.