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. (id:56069)
| MLS® Number | X9521113 |
| Property Type | Retail |
| Neigbourhood | Centretown |
| Community Name | 4103 - Ottawa Centre |
| Parking Space Total | 7 |
| Size Interior | 2,190 Ft2 |
| Utility Water | Municipal Water |
| Acreage | No |
| Size Depth | 97 Ft ,9 In |
| Size Frontage | 31 Ft ,11 In |
| Size Irregular | 31.97 X 97.8 Ft ; 0 |
| Size Total Text | 31.97 X 97.8 Ft ; 0 |
| Zoning Description | Tm |
7 public & 6 Catholic schools serve this home. Of these, 12 have catchments. There are 3 private schools nearby.
3 tennis courts, 2 playgrounds and 5 other facilities are within a 20 min walk of this home.
Street transit stop less than a 1 min walk away. Rail transit stop less than 2 km away.
Unfortunately this location does not yet exist in Google Street View.
https://www.realtor.ca/real-estate/27503715/511-bank-street-ottawa-4103-ottawa-centre
Contact us for more information
Yisha Chang
Broker
(613) 829-1818
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