What is the asking price for 159 Colonnade Road South?

The lease rate for space here is Contact for pricing.

What type of property tenancy can you find at 159 Colonnade Road South?

This property is listed as Multi-Tenant.

What is the total size of 159 Colonnade Road South?

The property has a total square footage of 10,901 SF.

When was this property built?

159 Colonnade Road South was built in 1984.

How many parking spaces are available at 159 Colonnade Road South?

The property features 25 parking spaces, resulting in a parking ratio of 2.30 / 1,000 SF.

159 Colonnade Road South, Ottawa, ON K2E 7

For Sale $3,600,000
Property Type Industrial - Flex - Industrial
Property Size 10,901 SF
Units 6
Lot Size 0.88 Acre
Parking Spaces Avail. 25
Parking Ratio 2.30 / 1,000 SF
Property Tenancy Multi-Tenant
Year Built 1984
Year Renovated 2018
Date Updated May 19, 2026
Grade Level Doors 6
Office Area 1,584 SF
HVAC None

Description

Colonnade Business Park, south side of Colonnade Road, east of Merivale Road. Adjacent to Merivale Industrial Area and Rideau Heights Business Park. 5 km to Highway 416, Highway 417 access via Hunt Club Road East, 9 minutes to Ottawa International Airport (YOW). Walking distance to Costco, Rona, and Canadian Tire at the Merivale and Hunt Club intersection. OC Transpo service on Colonnade Road and Merivale Road corridors.159 Colonnade Road South gives an owner-user immediate occupancy of 4,589 SF alongside three in-place tenants. Leverage over $90K/year (Escalating over the term) in tenant income to offset occupancy costs. The 10,901 SF flex building sits on 0.88 acres in Colonnade Business Park — IM (Mixed Industrial) zoning, and includes 6 bays, with 2-storey office section, Suited to office and industrial owner-occupants who want to occupy now and grow into the leased space as tenant leases expire OR maintain strong rental income to offset ownership costs.

Highlights

10,901 SF industrial flex on 0.88 acres — 6 bays + 2nd-floor office. Buyer occupies 4,589 SF (42%) vacant on closing
25 surface parking stalls. Six 8’ x 10’ grade-level overhead doors (one per bay), 12' clear height (14' to deck)
600A 240V 3-Phase + 225 kVA available — sized for industrial tenants, trades and others
Colonnade Business Park — minutes to Highway 416, 9 min to Ottawa Airport, walking distance to Merivale retail (Costco, Rona, Canadian Tire)
Each bay self-contained: dedicated grade door, private washroom, individual electrical sub-panel, per-bay thermostat. Built for clean multi-tenant
IM zoning permits industrial, light manufacturing, warehouse, office, R&D, and flex uses. Broad use options for owner-user occupancy and future
Low Operating Costs of ~$7.25psf plus utilities
operation and phased owner-user absorption as tenants roll
Phase 1 ESA clean (April 2026) — no further investigation required
tenant absorption