511 BANK Street, OttawaCentre, ON K2P 1Z5

Ottawa Centre K2P 1Z5 Ontario

MLS: X9521113

$1,447,000

Added 33 days ago | For Sale

Listed by: KELLER WILLIAMS INTEGRITY REALTY

About Property

Rare Investment Opportunity! Achieve 7.6+ 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.

Features

  • House Style:Commercial Retail
  • Bathrooms:
  • Land Size: 31.97 X 97.8
  • Water:Municipal
  • Garage Spaces: /Unknown
  • Driveway:
  • Heating Fuel:
  • Cross Street:North of Highway, fronting on east side of Bank street.
  • Basement: ,
  • Possession Date:TBD
  • Annual Property taxes: $27929
  • Bedrooms:
  • Total Parking Spaces:7
  • Parking Places:7
  • Heating Type:Unknown
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X9521113

About Agent
Prabhjot Singh
REALTOR®
(905) 867-2666 [email protected]
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