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$ 1,497,000
Est. payment /mo
Active
511 BANK ST Ottawa, ON K2P 1Z5
UPDATED:
Key Details
Property Type Other Types
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1415073
Year Built 1945
Annual Tax Amount $27,929
Tax Year 2024
Property Sub-Type Retail
Property Description
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.
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.
Location
Province ON
Listed by KELLER WILLIAMS INTEGRITY REALTY