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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!\r\n\r\nThis 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.\r\n\r\nThe 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.\r\n\r\nPlease note: Do not approach the restaurant owner or staff regarding the sale of the property. (id:37464)

Property Details

MLS® Number X9521113
Property Type Retail
Neigbourhood Ottawa Centre
Community Name 4103 - Ottawa Centre
Parking Space Total 7

Building

Land

Acreage No
Size Depth 97 Ft ,9 In
Size Frontage 31 Ft ,11 In
Size Irregular Unit=31.97 X 97.8 Ft ; 0
Size Total Text Unit=31.97 X 97.8 Ft ; 0
Zoning Description Tm

https://www.realtor.ca/real-estate/27503715/511-bank-street-ottawa-4103-ottawa-centre

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