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Maria Tompson
Sales Representative
Remax Example Inc., Brokerage
Independently owned and operated.
4711 Yonge Street, 10th Floor, Toronto, Ontario M2N 6K8
Cell: 416-548-7854Office: 416-548-7854Fax: 416-981-7184Toll Free: 1-866-382-2968
$1,497,000
Available - For Sale
Listing ID: X9521113
511 BANK St , Ottawa Centre, K2P 1Z5, Ontario
| 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: | $27929.00 |
| 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 97.80 (Feet) |
| Directions/Cross Streets: | North of Highway, fronting on east side of Bank street. |
| Category: | Retail |
| Total Area: | 2190.00 |
| 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 |
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Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184
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At a Glance:
| Type: | Com - Commercial/Retail |
| Area: | Ottawa |
| Municipality: | Ottawa Centre |
| Neighbourhood: | 4103 - Ottawa Centre |
| Lot Size: | 31.97 x 97.80(Feet) |
| Tax: | $27,929 |
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