1196 Rainbow Street
Ottawa (Canotek Industrial Park), ON K1J 6X9
- 9Bedrooms
- 5Bathrooms
- 9Parking
- 3000–3500Sq Ft
- $7,870Tax
- 199×120 ftLot Size
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About 1196 Rainbow Street, Ottawa, Canotek Industrial Park
This unique legal Triplex, currently being used by one family, sits on a large 200' x 120' corner lot in a sought-after light industrial zone "IL2 H(14)". The property offers incredible potential with approximately 1,500 sq. ft. of newly constructed covered storage areas, ideal for various commercial and residential uses. Inside, the well-maintained units feature 10 versatile rooms, each offering the possibility for conversion into separate office spaces or other functional layouts to suit your needs. The expansive yard, measuring 100' x 120', is perfect for a range of operations, including warehousing, manufacturing, light assembly, research and development, offices, and select retail ventures. Benefit from unbeatable accessibility with quick access to Highway 417 via the Montreal Road exit and local transit just steps away. Ideally situated at the corner of Canotek Road and Rainbow Street, this property is surrounded by a variety of amenities and businesses, making it an excellent location for both residential and commercial uses. This is a rare opportunity to invest in a property that combines space, flexibility, and unmatched location. Don't miss out!
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $7,870
- Land Transfer Tax Fee
- $60,225
Rental Items
- Rental Equipment
- n/a
- Basement Type
- Finished
Interior Features
- Interior Extras
- Primary Bedroom - Main Floor, Water Heater Owned
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Pool
- None
Building
- Building Type
- Multiplex
- Building Style
- 3-Storey
Construction
- Exterior Finish
- Brick, Vinyl Siding
- Roof
- Tar and Gravel
- Foundation Details
- Brick
- Special Designation
- Unknown
Lot
- Lot Front
- 199.38 ft
- Lot Depth
- 120.00 ft
- Lot Size
- 0.55
Inclusions
- Inclusions
- 3 Stoves, 3 Fridges, 3 Freezers, 3 Dishwashers, 3 Hood Fans
Exclusions
- Exclusions
- n/a
Parking & Garages
- Garage Type
- Attached
- Garage Spaces
- 3
- Parking Spaces
- 6
- Total Garage And Parking Spaces
- 9
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- Central Air
- Water
- Municipal
- Sewers
- Sewer
- Bedrooms
- 9
- Washrooms
- 5
- Kitchens
- 3
- Family / bonus room
- Yes
Room sizes
- Bedroom—Main level
- Bedroom—Main level
- Bedroom—Main level
- Bathroom—Main level
- Kitchen—Main level
- Bedroom—Upper level
- Bedroom—Upper level
- Bedroom—Upper level
- Kitchen—Upper level
- Bedroom—Basement level
- Bedroom—Basement level
Washrooms
- 3-piece
- Municipality
- Ottawa
- Neighbourhood
- Canotek Industrial Park
- Main cross streets
- Canotek Road
- Zoning
- IL2 H(14)
- Directions
- Montreal Road to Shefford Road to Canotek to Rainbow
- MLS® number
- X12325228
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2025-10-31
- Listed on
- 2025-08-05
- Days on market
- 87 days
- Possession type
- Flexible
- Co-op commission
- 2
- Seller
- Listed by
- RIGHT AT HOME REALTY
Home Market Value
Current home valuation for 1196 Rainbow Street, Ottawa, Canotek Industrial Park, Ottawa, ON. Listed for $2,950,000
HOMEH Estimate
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Estimated Sales Range
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HOMEH Estimate for 1196 Rainbow Street, Ottawa, Canotek Industrial Park
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
20% required for homes $1.5M or more
$590,000
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $0 | $0 | $0 | $0 |
=Total mortgage | $2,360,000 | $2,212,500 | $2,065,000 | $1,917,500 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $11,523monthly | $10,803monthly | $10,082monthly | $9,362monthly |
Land Transfer Tax
$60,225
$60,225
Around this home
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