159 Colonnade Road
Cityview - Parkwoods Hills - Rideau Shore, ON
- 10,901 sqft
- Industrial
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).
Listing Details
- Taxes (2025)
- $32,130
- Originally Listed
- $3,600,000
- Listed
- May 22, 2026
Price History
Property
- Lot Size
- 86 x 300 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- Colonnade Road and Merivale Road
- Zoning
- IM
- Parcel Number
- 040520391
- Possession
- Flexible
- Occupancy
- Owner+Tenant
Commercial
- Office / Apartment Area
- 1584 Sq Ft
Community
Postal area K2E
- Population
- 20,172
- Private dwellings
- 8,461
- Median age
- 40
- Average household size
- 2.4
- Median household income
- $89,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Cityview - Parkwoods Hills - Rideau Shore · last 12 months
- Median sold price
- $599,000
- Homes sold
- 162
- Median days on market
- 20
- Sale-to-list price
- 97.8%
Based on 162 recorded sales of commercial properties in Cityview - Parkwoods Hills - Rideau Shore over the last 12 months.
Listed by
EXP REALTY
Walk Score
Walk
Transit
Scores by Walk Score®
Location
Street View
Commercial figures
- Building area
- 10,901 sq ft
- Price per sq ft
- $310.52
- Annual property tax
- $32,130
- Tax per sq ft
- $2.95
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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