Metcalfe Realty Company

What Metcalfe Realty Company does

Metcalfe Realty Company Limited is a privately held commercial real estate owner, developer, and property manager operating exclusively in Ottawa, Canada, since 1949. The company developed Ottawa's first modern office tower (the Metcalfe Building) at founding and has since grown its portfolio to more than 20 properties totaling 1,604,104 square feet across office (downtown, centretown, and suburban), retail, warehouse, medical, and storage asset classes. Operationally, the company runs four in-house divisions—Leasing, Construction, Operations, and Finance—delivering tenant suite customization, on-site property management with computerized maintenance request routing, building automation, and energy retrofits. The company is a subsidiary of the Fuller Group of companies and holds BOMA Best Certification for at least one asset (the MacDonald Building at 123 Slater Street).

The company's technology stack is conventional for the asset class: building automation systems, an energy conservation retrofit program covering HVAC controls, lighting replacement, water conservation, and green cleaning, and Matterport virtual tour capability deployed selectively (e.g., Suite 600 at 130 Albert Street). Its GTM motion is sales-led, with leasing agents (including VP Leasing Mike Shore and Broker of Record Jen Arbuckle) handling direct inquiries via phone (613-563-4442) and email. Pricing is quote-based and not publicly disclosed, with multi-year lease contracts forming the recurring revenue base. Ancillary revenue streams include mini-offices (short-term furnished rentals at the Varette Building), storage lockers, boardroom rental, and parking services across multiple properties. The company maintains content marketing via the "Ottawa Office Space Blog" and an active social media presence on Facebook, Twitter, and LinkedIn.

Customer segmentation is vertical-focused across five primary segments: Professional & Financial Services, Medical Practitioners, Retail Businesses, Industrial/Logistics, and Small Businesses & Startups. Named tenants include Bank of Nova Scotia, Shoppers Drug Mart, Bakeshop, and Riverside Clinic, primarily within the Beacon Hill Shopping Centre and Kilborn Medical Centre. All revenue is generated domestically in Ottawa with no geographic expansion or international operations disclosed. Revenue figures are not publicly disclosed.

Name

Metcalfe Realty Company

Legal name

Metcalfe Realty Company Limited

Website

https://metcalfe.ca

Company type

Private

Founded year

1949

Operating status

Operating

Headcount range

101–250 employees

Short description

Metcalfe Realty Company Limited is a privately held Ottawa commercial real estate owner and manager operating since 1949, leasing 1.6M+ sq ft of office, retail, warehouse, and medical space across 20+ properties to professional, financial, government, medical, and small business tenants in Canada's National Capital Region.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Services

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Nonresidential Property Managers (531312), Offices of Real Estate Agents and Brokers (53121)

SIC

Operators Of Nonresidential Buildings (6512), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Office Brokerage (BPAJABAA)

Keywords

• Commercial real estate leasing
• Office space rentals
• Property management services
• Warehouse space leasing
• Medical office space

Headquarters

HQ city

Ottawa

HQ country

Canada

HQ region

North America

Offices18 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Marketing or Sales

Revenue model

1. Commercial Real Estate Leasing: Revenue generated from renting commercial and office spaces to businesses. Includes various property types: office (downtown, centretown, suburban), retail, warehouse, medical offices, and storage units. Revenue is recurring through lease agreements with varying terms.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Metcalfe Realty Company is a commercial landlord in Ottawa that owns, leases, and manages over 20 properties totaling more than 1.6 million square feet of office, retail, warehouse, medical, storage, mini-office, boardroom, and parking space. The company runs an integrated four-division model — Leasing, Construction, Operations, and Finance — that handles tenant fit-ups, ongoing property management, and financial administration entirely in-house.

Product overview

Metcalfe Realty Company Limited is a full-service commercial real estate developer and property management company serving Ottawa since 1949. The company offers a portfolio of over 20 diverse properties totaling more than 1.6 million square feet of office, retail, warehouse, and medical space. Core offerings include Downtown Office Space, Centretown Office Space, Suburban Office Space, Retail Space, Warehouse Space, and Medical Offices. The portfolio includes Class A office properties like the Varette Building (130 Albert Street), The MacDonald Building (123 Slater Street), The Fuller Building (75 Albert Street), Killeany Place, and various suburban and retail properties. Add-on services include Storage Lockers, Mini Offices (short-term furnished spaces), Virtual Tours, Boardroom Rental, and Parking Services. The company operates through four integrated divisions: Leasing, Construction, Operations, and Finance, providing end-to-end property management and tenant coordination.

Differentiator

Problem solved

Functional benefit

Products and services

• Downtown and Centretown Office Space Leasing Long-term and short-term leasing of office space in Metcalfe's downtown Ottawa and Centretown buildings, targeting professional services firms and office-using SMBs.
• Suburban Office Space Leasing Leasing of office space in Metcalfe's suburban Ottawa office buildings for tenants seeking locations outside the central business district.
• Retail Space Leasing Leasing of ground-floor and shopping-center retail space in Ottawa, offered in multiple shopping centers and downtown locations to retail tenants.
• Warehouse Space Leasing Leasing of warehouse space in Ottawa, including at the Industrial, Trainyards, Innes Road, and 2720 Queensview properties, for logistics and storage tenants.
• Medical Offices Leasing of ready-to-use medical office space in Ottawa, with customized fit-ups, on-site parking, and landlord management, targeted at medical and dental practitioners.
• Storage and Lockers Rental of storage units and lockers across Metcalfe buildings for tenants requiring additional secure storage.
• Mini Offices Rental of small, short-term or flexible mini offices across the portfolio for startups and small tenants needing a small office footprint.
• Boardroom Rental Rental of boardrooms and meeting rooms in Metcalfe buildings for tenants and external customers requiring meeting or event space.
• Parking Services Off-street parking rentals and tenant parking management at Metcalfe buildings, administered through the company's Parking Office.
• Property Management Services Full-service property management for Metcalfe's commercial portfolio, including on-site Operations staff, computerized tenant maintenance request handling, and building operations oversight.
• Construction and Tenant Fit-Up Services In-house construction services that handle tenant fit-ups, renovations, and customized build-outs within Metcalfe's office, retail, and medical spaces.

Named customers4 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Fuller Group of CompaniescoreOthersMetcalfe Realty Company Limited is a member of the Fuller Group of companies. The Fuller Group includes various entities including Fuller Associates, Tall Ships Landing, Just Right Self Storage, and Loch March Resort. Metcalfe operates as a subsidiary within this corporate group structure.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• CBRE Group: World's largest commercial real estate services firm with global brokerage, valuation, and property management operations. Comparable as an institutional player competing for the same enterprise tenant relationships in the Ottawa office market.
• JLL (Jones Lang LaSalle): Global real estate services and investment management firm with Canadian operations including Ottawa. Comparable as a competing full-service CRE services provider across leasing, property management, and capital markets.
• Colliers International Group: Global commercial real estate services firm offering brokerage, property management, and advisory. Comparable to Metcalfe's in-house leasing and property management functions, though Colliers is a third-party service provider rather than an owner/operator.

Direct peers

• Minto Properties: Ottawa-headquartered commercial and residential real estate owner/operator with a substantial office portfolio in the National Capital Region. Directly comparable to Metcalfe given shared geography, mixed-use office focus, and long operating history in Ottawa.
• Morguard REIT: Canadian closed-end REIT that owns a diversified portfolio of office, retail, and industrial properties across Canada. Comparable given the multi-asset-type CRE ownership model and exposure to Canadian secondary markets including Ottawa.
• Allied Properties REIT: Toronto-based REIT specializing in Class A office space in major Canadian urban markets including Ottawa. Directly comparable given focus on urban Class A office ownership, leasing, and property management for professional and creative tenants.
• Canderel: Canadian commercial real estate owner, developer, and property manager with office and industrial assets across major Canadian markets. Comparable as a vertically integrated CRE operator serving similar enterprise and government tenants.

Regional players

• Crombie REIT: Canadian REIT anchored by Sobeys-related grocery-anchored retail and mixed-use properties, with selective office exposure. Comparable to Metcalfe's diversified retail-office mix at properties like the Fuller Building and Beacon Hill Shopping Centre.
• RioCan REIT: Canada's largest retail REIT with shopping centre and urban retail mixed-use properties including Ottawa-area holdings like Beacon Hill. Comparable to Metcalfe's Beacon Hill Shopping Centre retail operations and tenant mix.
• Dream Industrial REIT: Canadian REIT focused on industrial and warehouse/logistics properties across Canada and the U.S. Comparable to Metcalfe's warehouse and industrial-tenant exposure at properties like Queensview Drive and Merivale Road, though focused exclusively on logistics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/MetcalfeRCL
• Facebookfacebook.com/metcalferealty
• LinkedInlinkedin.com/company/metcalfe-realty-company-limited

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Metcalfe Realty Company