511 BANK Street, Ottawa Centre | Image 1

511 BANK Street

Ottawa Centre, 4103 - Ottawa Centre

  • Commercial

$1,497,000
For Sale

Added 2 months ago

Sign in or Register • To view all data & photos, an account is required by the Toronto Real Estate Board.

  • Type: Commercial/Retail

  • Property Type: Commercial

  • Zoning: TM

  • Age: No Data

  • Taxes: 27929

  • MLS®#: X9521113

  • Days on Site: 59 Days

  • Added: Oct 04, 2024 (2 months ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: KELLER WILLIAMS INTEGRITY REALTY

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.

Property

  • Status: Sale

  • Property Type: Commercial/Retail

  • Property Type: Retail

  • Net Income: 111609

  • Area: Ottawa Centre

  • Community: 4103 - Ottawa Centre

  • Availability Date: TBD

Building

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Covered Parking Spaces: 7

Fees

  • Tax Year: 2024

  • Tax Legal Description: PT LTS 10 & 11, PL 30 , EAST BANK STREET, AS IN N660385 ; OTTAWA

  • Taxes: $27,929

  • Expenses: Act

  • Tax Year: 2024

Land

  • Cross Street: North of Highway, fr

  • Municipality District: Ottawa Centre

  • Parcel Number: 041230005

  • Lot Depth: 97.8 Feet

  • Lot Frontage: 31.97 Feet

  • Zoning: TM

Additional Media

  • Virtual Tour: https://youtu.be/CBoKgELREeg

Commercial Specific

  • Retail Area: 1260

  • Retail Area Metric: Sq Ft

  • Total Area: 2190

  • Total Area Metric: Sq Ft

  • Gross Income/Sales: 144825

See 3D Tour of 511 BANK Street, Ottawa Centre
Video Tour
Map of 511 BANK Street, Ottawa Centre
JK-6

First Avenue Public School

Elementary: Public
0.67 km
JK-6

Corpus Christi Catholic Elementary School

Elementary: Catholic
0.95 km
JK-6

Elgin Street Public School

Elementary: Public
0.73 km
7-8

Immaculata Intermediate School

Elementary: Catholic
0.98 km
7-8

Glashan Public School

Elementary: Public
0.09 km
JK-6

Mutchmor Public School

Elementary: Public
1.03 km
9-12

Urban Aboriginal Alternate High School

Secondary: Public
1.34 km
9-12

Richard Pfaff Secondary Alternate Site

Secondary: Public
0.78 km
9-12

Immaculata High School

Secondary: Catholic
0.92 km
Pre-Grade 9-12

Lisgar Collegiate Institute

Secondary: Public
1.24 km
9-12

Adult High School

Secondary: Public
1.56 km
Pre-Grade 9-12

Glebe Collegiate Institute

Secondary: Public
0.99 km
113 MURRAY Street, Lower Town - Sandy Hill | MLS: X9516306
For Sale
6 months ago
$1,500,000
  • 0 bath
  • 0 bed

113 MURRAY Street, Lower Town - Sandy Hill, Ontario • K1N 5M5 • 4001 - Lower Town/Byward Market

428 KENT Street, Ottawa Centre | MLS: X9517444
For Sale
8 months ago
$1,300,000
  • 0 bath
  • 0 bed

428 KENT Street, Ottawa Centre, Ontario • K2P 2B3 • 4103 - Ottawa Centre

427 GILMOUR Street, Ottawa Centre | MLS: X9518512
For Sale
6 months ago
$1,675,000
  • 0 bath
  • 0 bed

427 GILMOUR Street, Ottawa Centre, Ontario • K2P 0R5 • 4103 - Ottawa Centre

431 GILMOUR Street, Ottawa Centre | MLS: X9519445
For Sale
3 months ago
$1,799,000
  • 0 bath
  • 0 bed

431 GILMOUR Street, Ottawa Centre, Ontario • K2P 0R5 • 4103 - Ottawa Centre

93-95 LOWER CHARLOTTE Street, Lower Town - Sandy Hill | MLS: X9522642
For Sale
2 months ago
$1,700,000
  • 0 bath
  • 0 bed

93-95 LOWER CHARLOTTE Street, Lower Town - Sandy Hill, Ontario • K1N 8J9 • 4002 - Lower Town

1310 BANK Street, Glebe - Ottawa East and Area | MLS: X9515796
For Sale
11 months ago
$1,799,000
  • 0 bath
  • 0 bed

1310 BANK Street, Glebe - Ottawa East and Area, Ontario • K1S 3Y4 • 4403 - Old Ottawa South

79-81 JAMES Street, Ottawa Centre | MLS: X9516927
For Sale
4 months ago
$1,549,000
  • 0 bath
  • 0 bed

79-81 JAMES Street, Ottawa Centre, Ontario • K1R 5M2 • 4103 - Ottawa Centre

227 CUMBERLAND Street, Lower Town - Sandy Hill | MLS: X9517287
For Sale
4 months ago
$1,250,000
  • 0 bath
  • 0 bed

227 CUMBERLAND Street, Lower Town - Sandy Hill, Ontario • K1N 7H6 • 4001 - Lower Town/Byward Market

227 CUMBERLAND Street, Lower Town - Sandy Hill | MLS: X9517288
For Sale
4 months ago
$1,250,000
  • 0 bath
  • 0 bed

227 CUMBERLAND Street, Lower Town - Sandy Hill, Ontario • K1N 7H6 • 4001 - Lower Town/Byward Market

549 GLADSTONE Avenue, Ottawa Centre | MLS: X9523590
For Sale
2 months ago
$1,300,000
  • 0 bath
  • 0 bed

549 GLADSTONE Avenue, Ottawa Centre, Ontario • K1R 5N9 • 4103 - Ottawa Centre

232 ST PATRICK Street, Lower Town - Sandy Hill | MLS: X10419114
For Sale
1 month ago
$1,799,900
  • 0 bath
  • 0 bed

232 ST PATRICK Street, Lower Town - Sandy Hill, Ontario • K1N 5K3 • 4001 - Lower Town/Byward Market

232 ST PATRICK Street, Lower Town - Sandy Hill | MLS: X10442402
For Sale
1 month ago
$1,799,900
  • 0 bath
  • 0 bed

232 ST PATRICK Street, Lower Town - Sandy Hill, Ontario • K1N 5K3 • 4001 - Lower Town/Byward Market