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$1,497,000
Available - For Sale
Listing ID: X9521113
Rare Investment Opportunity! Achieve nearly 7.5% CAP rate with over $110,000 in Net Income annually! This mixed-use commercial property is located in a thriving, well-established urban area, surrounded by a diverse range of retail and commercial services. Conveniently situated just north of Catherine St and the Queensway, the property offers easy access to Ottawa's downtown core, major employment hubs, recreational facilities, shopping districts, Parliament Hill, Rideau Canal, Byward Market, and several ongoing infill developments. The building features a fully equipped restaurant on the main floor, including a spacious dining area (seating for approximately 40), a service counter, a food preparation area, public restrooms, and access to a full basement. The second floor includes a two-bedroom apartment, complete with a kitchen and a three-piece bathroom. Please note: Do not approach the restaurant owner or staff regarding the sale of the property.
Price $1,497,000
Taxes: $27,929
Occupancy by: Tenant
Address: 511 BANK St , Ottawa Centre, K2P 1Z5, Ontario
Postal Code: K2P 1Z5
Province/State: Ontario
Legal Description: PT LTS 10 & 11, PL 30 , EAST BANK STREET
Lot Size: 31.97 x 97.8 (Feet)
Directions/Cross Streets: North of Highway, fronting on east side of Bank street.
Zoning: TM
Category: Retail
Total Area: 2,190
Retail Area: 1260
Gross Income/Sales: $144825
Net Income Before Debt: $111609
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
KELLER WILLIAMS INTEGRITY REALTY

511 BANK St , Ottawa Centre, K2P 1Z5, Ontario

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Freda Ziba
Sales Representative
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647-997-2120
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905-764-7111
Fax:
905-764-1274

 
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At a Glance:
Type: Com - Commercial/Retail
Area: Ottawa
Municipality: Ottawa Centre
Neighbourhood: 4103 - Ottawa Centre
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Lot Size: 31.97 x 97.80(Feet)
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Tax: $27,929
Maintenance Fee: $0
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Freda Ziba
Century 21, Heritage Group LTD. , Brokerage
7330 Yonge Street
Thornhill , ON , L4J7Y7
 CONTACT FREDA ZIBA
Cell: 647-997-2120
Office: 905-764-7111
Email: fzibahomes@gmail.com