159 Colonnade Road, Cityview - Parkwoods Hills - Rideau Shore, ON K2E 7J4
7203 - Merivale Industrial Park/Citiplace, Cityview - Parkwoods Hills - Rideau Shore · Near Colonnade Road and Merivale Road · View map
About this home
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).
The home
- Type
- Industrial
- Square footage
- 10901 sq ft
- Lot size
- 86 x 300 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Gas Forced Air Closed
- Air conditioning
- Yes
Garage & parking
- Driveway spaces
- 25
- Total parking
- 25
Taxes & other
- Property taxes
- $32,130/yr
- Tax year
- 2025
- Occupancy
- Owner+Tenant
- Possession
- Flexible
- Cross street
- Colonnade Road and Merivale Road
- Neighbourhood
- 7203 - Merivale Industrial Park/Citiplace
More
- MLS® number
- X13160928
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
159 Colonnade Road, Cityview - Parkwoods Hills - Rideau Shore, ON K2E 7J4
7203 - Merivale Industrial Park/Citiplace, Cityview - Parkwoods Hills - Rideau Shore · Near Colonnade Road and Merivale Road
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Listing history for 159 Colonnade Road
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 159 Colonnade Road
Answers come straight from this home’s MLS® listing.
How much is 159 Colonnade Road listed for, and what would it cost each month?
159 Colonnade Road is listed for $3,385,000. With 20% down ($677,000), the mortgage payment would be roughly $13,654 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $16,332 a month, all in. That figure is an illustration, not a quote.
Is 159 Colonnade Road freehold or a condo, and is there a monthly fee?
159 Colonnade Road is a industrial in 7203 - Merivale Industrial Park/Citiplace, Cityview - Parkwoods Hills - Rideau Shore. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 159 Colonnade Road have a garage and parking?
The listing does not show a garage. The driveway adds 25 spaces. In total the listing counts 25 parking spaces.
What style of home is 159 Colonnade Road?
159 Colonnade Road is an industrial. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 159 Colonnade Road, and what is the lot size?
The lot is listed as 86 x 300 ft.
How is 159 Colonnade Road heated and cooled?
Heating is gas forced air closed. Cooling is yes.
What are the property taxes for 159 Colonnade Road?
Property taxes are $32,130 a year (2025), or about $2,678 a month.
Where is 159 Colonnade Road?
159 Colonnade Road is in the 7203 - Merivale Industrial Park/Citiplace community of Cityview - Parkwoods Hills - Rideau Shore. The nearest main intersection is Colonnade Road and Merivale Road. The postal code is K2E 7J4.
Is 159 Colonnade Road still for sale?
Yes. It is an active listing (MLS® X13160928). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 159 Colonnade Road asking?
Similar properties for sale nearby right now include 1979 Prince Of Wales Drive at $2,695,000 (5 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 159 Colonnade Road sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 159 Colonnade Road?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
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Courtesy of: EXP REALTY
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.