511 Bank Street Ottawa, Ontario K2P 1Z5
$1,497,000
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. (id:37464)
Property Details
| MLS® Number | 1415073 |
| Property Type | Retail |
| Neigbourhood | Ottawa Centre |
| Parking Space Total | 7 |
Building
| Constructed Date | 1945 |
| Size Interior | 2190 Sqft |
Land
| Acreage | No |
| Size Depth | 97 Ft ,10 In |
| Size Frontage | 32 Ft |
| Size Irregular | 31.97 Ft X 97.8 Ft |
| Size Total Text | 31.97 Ft X 97.8 Ft |
| Zoning Description | Tm |
https://www.realtor.ca/real-estate/27503715/511-bank-street-ottawa-ottawa-centre
Sales Representative
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October 04 2024 03:12:18
Ottawa Real Estate Board
Keller Williams Integrity Realty