Added 4 months ago
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Type: Commercial/Retail
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Property Type: Commercial
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Zoning: TM
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Age: No Data
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Taxes: 27929
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MLS®#: X9521113
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Days on Site: 59 Days
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Added: Oct 04, 2024 (4 months ago)
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Updated:
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Last Checked: 3 hours ago
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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
First Avenue Public School
Elementary: PublicCorpus Christi Catholic Elementary School
Elementary: CatholicElgin Street Public School
Elementary: PublicImmaculata Intermediate School
Elementary: CatholicGlashan Public School
Elementary: PublicMutchmor Public School
Elementary: PublicUrban Aboriginal Alternate High School
Secondary: PublicRichard Pfaff Secondary Alternate Site
Secondary: PublicImmaculata High School
Secondary: CatholicLisgar Collegiate Institute
Secondary: PublicAdult High School
Secondary: PublicGlebe Collegiate Institute
Secondary: Public
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