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$ 1,447,000
Est. payment /mo
Price Dropped by $50K
511 BANK STREET Ottawa, ON K2P1Z5
2,190 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,190 sqft
Price per Sqft $660
Subdivision 4103 - Ottawa Centre
MLS® Listing ID X9521113
Originating Board Ottawa Real Estate Board
Property Description
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:24570)
Location
Province ON
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 7
Private Pool No
Others
Virtual Tour https://youtu.be/CBoKgELREeg
Listed by KELLER WILLIAMS INTEGRITY REALTY