Frank Di Tiero
Royal LePage Team Realty
Your Trusted Partner in Real Estate. Contact me at (613) 301-5794 for all your property needs.
- Status:
- Active
- Prop. Type:
- Commercial
- MLS® Num:
- X12975360
- Bus Major:
- Apts - 13 To 20 Units
- Photos (13)
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Palazzi Place is a mixed-use investment opportunity comprising 20 residential apartments and 4 ground-floor street front retail units, with income-in-place Net Operating Income of approximately $320,000.Ideally positioned in one of Ottawa's most vibrant and evolving urban neighbourhoods, the property benefits from strong rental demand driven by location, character, and long-term area growth.
- Property Type:
- Commercial
- Property Sub Type:
- Investment
- Freestanding:
- Yes
- Approx. Age:
- 51-99
- Total Area:
- 11404 sq. ft. Square Feet
- Total Area:
- 11,404 sq. ft.
- Retail Area:
- 3280 sq. ft. Sq Ft
- Lot Depth:
- 99'
- Lot Frontage:
- 99'
- Lot Shape:
- Irregular
- Water supply:
- Municipal
- Zoning:
- MS1[78] H(19.5)
- Heating type:
- Gas Hot Water
- Survey Available:
- Yes
- Garage:
- None
- Parking Spaces:
- 10
- Possession Details:
- as per tenancies
- HST Applicable To Sale Price:
- In Addition To
- Development Charges Paid:
- Unknown
- Type Taxes:
- Annual
- Taxes:
- $64,325 / 2025
- Assessment:
- $- / -
- Ottawa
- West Centre Town
- 4205 - West Centre Town
- Public Transit, Recreation/Community Centre
- No
- tenants possessions
- None
- Utilities:
- Yes
- Energy Certification:
- No
- Green Property Information Statement:
- No
- Sewers:
- Sanitary
- Air Conditioning:
- No
- Seller Property Info Statement:
- No
- Physically Handicapped-Equipped:
- No
- Expenses Actual/Estimated:
- Estimated
- Heating Expenses:
- $12,199
- Hydro Expenses:
- $6,326
- Insurance Expenses:
- $22,193
- Management Expenses:
- $31,495
- Tax Expenses:
- $64,325
- Water Expenses:
- $12,966
- Year Expenses:
- 2025
- Property Management Company:
- Marklyn Management Ltd
- Business/Building Name:
- Palazzi Place
- Major Business Type:
- Apts - 13 To 20 Units
- Category:
- Apartment
- Franchise:
- No
- Outside Storage:
- No
- Date Listed:
- Apr 09, 2026
- Original Price:
- $6,400,000
- Previous Price:
- $1
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Listed by ROYAL LEPAGE TEAM REALTY
Data was last updated May 24, 2026 at 06:15 PM (UTC)
- FRANK DI TIERO
- ROYAL LEPAGE TEAM REALTY
- 1 (613) 3015794
- Contact by Email
Quick Links
Contact Me
Direct: (613) 301-5794
fdtiero@royallepage.ca
Head Office
384 RICHMOND ROAD
Ottawa, ON, K2A 0E8