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118 Sparks St

65,041 SF 59% Leased Office Building Ottawa, ON K1P 6L8 For Sale

Office Space Ontario Ottawa 118 Sparks St, Ottawa, ON K1P 6L8

Investment Highlights

  • Located in Ottawa’s core within the prestigious Parliamentary Precinct
  • High-quality office space on the upper 4 floors
  • Retail space on the first two floors with entrances on Sparks street and Queen Street
  • Currently fully leased to Scotiabank, with 42% of office space available after Dec 31, 2025

Executive Summary

118 Sparks Street is a prestigious, high-profile building located in the heart of Ottawa’s Parliamentary Precinct, offering approximately 65,000 square feet of space. The property features retail space on the first two floors with entrances on both Sparks Street and Queen Street, providing excellent visibility and foot traffic. The upper four floors consist of high-quality office space, currently fully leased to Scotiabank. After December 31, 2025, 42% of the office space will be available, presenting a unique opportunity for owner-users or investors. This property is a rare chance to own an upgraded, well-located building anchored by a AAA national tenant, with significant future potential.

Attachments

Investment Summary_118 Sparks Street

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
65,041 SF
Building Class
B
Year Built/Renovated
1985/2018
Percent Leased
59%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
10,840 SF
Slab To Slab
10’
Building FAR
4.98
Land Acres
0.30 AC
Zoning
MD S27 - Mixed-Use Downtown Zones

Amenities

  • Bus Line

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 3rd Fl-Ste 310
  • 3,991 SF
  • Office
  • Partial Build-Out
  • Now

Third floor unit. premium office space.

  • 4th Fl-Ste 400
  • 11,352 SF
  • Office
  • Partial Build-Out
  • Now

Available immediately. In addition, the Property features 43,755 square feet of high-caliber office space across the third (3rd), fourth (4th), fifth (5th), and sixth (6th) floors, comprising a total of 65,041 square feet.

  • 5th Fl-Ste 500
  • 11,352 SF
  • Office
  • Partial Build-Out
  • Now

Available immediately. In addition, the Property features 43,755 square feet of high-caliber office space across the third (3rd), fourth (4th), fifth (5th), and sixth (6th) floors, comprising a total of 65,041 square feet.

Space Size Space Use Condition Available
3rd Fl-Ste 310 3,991 SF Office Partial Build-Out Now
4th Fl-Ste 400 11,352 SF Office Partial Build-Out Now
5th Fl-Ste 500 11,352 SF Office Partial Build-Out Now

3rd Fl-Ste 310

Size
3,991 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

4th Fl-Ste 400

Size
11,352 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

5th Fl-Ste 500

Size
11,352 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

3rd Fl-Ste 310

Size 3,991 SF
Space Use Office
Condition Partial Build-Out
Available Now

Third floor unit. premium office space.

4th Fl-Ste 400

Size 11,352 SF
Space Use Office
Condition Partial Build-Out
Available Now

Available immediately. In addition, the Property features 43,755 square feet of high-caliber office space across the third (3rd), fourth (4th), fifth (5th), and sixth (6th) floors, comprising a total of 65,041 square feet.

5th Fl-Ste 500

Size 11,352 SF
Space Use Office
Condition Partial Build-Out
Available Now

Available immediately. In addition, the Property features 43,755 square feet of high-caliber office space across the third (3rd), fourth (4th), fifth (5th), and sixth (6th) floors, comprising a total of 65,041 square feet.

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Walk Score ®
Walker's Paradise (99)
Transit Score ®
Rider's Paradise (93)
Bike Score ®
Biker's Paradise (95)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores
(416) 585-4659

  • Listing ID: 33951139

  • Date on Market: 11/21/2024

  • Last Updated:

  • Address: 118 Sparks St, Ottawa, ON K1P 6L8

The Office Property at 118 Sparks St, Ottawa, ON K1P 6L8 is currently available For Sale. Contact Institutional Property Advisors for more information.

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118 Sparks St
(416) 585-4659 x

118 Sparks St

1/3

Aik Aliferis

(416) 585-4659

(416) 585-4659

Nick Pantieras

(888) 720-2020

(888) 720-2020

Patrick Boyd

(613) 364-2312

(613) 364-2312

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