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$1,447,000
Available - For Sale
Listing ID: X9521113
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.
Price $1,447,000
Taxes: $27,929
Tax Type: Unknow
Occupancy by: Tenant
Address: 511 BANK Stre , Ottawa Centre, K2P 1Z5, Ottawa
Postal Code: K2P 1Z5
Province/State: Ottawa
Legal Description: PT LTS 10 & 11, PL 30 , EAST BANK STREET
Lot Size: 9.74 x 97.8 (Feet)
Directions/Cross Streets: North of Highway, fronting on east side of Bank street.
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Retail
Building Percentage: T
Total Area: 2,190
Total Area Code:  Square Feet
Retail Area: 1260
Retail Area Code: Sq Ft
Maintenance: 0
Gross Income/Sales: $144825
Net Income Before Debt: $111609
Year Expenses: 2024
Expenses Actual/Estimated: $Act
Sprinklers: Unkn
Heat Type: Unknown
Central Air Conditioning: Unknown
Sewers: Unknown
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
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This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
KELLER WILLIAMS INTEGRITY REALTY

511 BANK Stre , Ottawa Centre, K2P 1Z5, Ottawa


 
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At a Glance:
Type: Com - Commercial Retail
Area: Ottawa
Municipality: Ottawa Centre
Neighbourhood: 4103 - Ottawa Centre
Style:
Lot Size: 9.74 x 97.80(Feet)
Approximate Age:
Tax: $27,929
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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