511 BANK Street, Ottawa Centre | Image 1

511 BANK Street

Ottawa Centre, 4103 - Ottawa Centre

  • Commercial

$1,497,000
For Sale

Added 1 month 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: 45 Days

  • Added: Oct 03, 2024 (1 month ago)

  • Updated:

  • Last Checked: 7 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

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

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

  • Total Area: 2190

  • 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
200-222 SOMERSET Street West, Ottawa Centre | MLS: X9502967
For Sale
1 year ago
$1,299,000
  • 0 bath
  • 0 bed

200-222 SOMERSET Street West, Ottawa Centre, Ontario • K2P 2G3 • 4103 - Ottawa Centre

300-222 SOMERSET Street West, Ottawa Centre | MLS: X9502970
For Sale
1 year ago
$1,599,000
  • 0 bath
  • 0 bed

300-222 SOMERSET Street West, Ottawa Centre, Ontario • K2P 2G3 • 4103 - Ottawa Centre

600-222 SOMERSET Street West, Ottawa Centre | MLS: X9502971
For Sale
1 year ago
$1,699,000
  • 0 bath
  • 0 bed

600-222 SOMERSET Street West, Ottawa Centre, Ontario • K2P 2G3 • 4103 - Ottawa Centre

421 GILMOUR Street, Ottawa Centre | MLS: X9505185
For Sale
1 year ago
$1,650,000
  • 0 bath
  • 0 bed

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

427 GILMOUR Street, Ottawa Centre | MLS: X9518512
For Sale
5 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
2 months ago
$1,799,000
  • 0 bath
  • 0 bed

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

Join or Sign in • See photos & sale data
Real estate boards require a verified account
 93-95 LOWER CHARLOTTE Street, Lower Town - Sandy Hill | MLS: X9522642
For Sale
1 month ago
$X,XXX,XXX
  • — bath
  • — bed

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

421 GILMOUR Street, Ottawa Centre | MLS: X9505175
For Sale
1 year ago
$1,650,000
  • 0 bath
  • 0 bed

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

1240 BANK Street, Glebe - Ottawa East and Area | MLS: X9514991
For Sale
10 months ago
$1,800,000
  • 0 bath
  • 0 bed

1240 BANK Street, Glebe - Ottawa East and Area, Ontario • K1S 3Y3 • 4403 - Old Ottawa South

77 FLORENCE Street, Ottawa Centre | MLS: X9519973
For Sale
2 months ago
$1,695,000
  • 0 bath
  • 0 bed

77 FLORENCE Street, Ottawa Centre, Ontario • K1R 5N1 • 4103 - Ottawa Centre

295-297 ST PATRICK Street, Lower Town - Sandy Hill | MLS: X9521350
For Sale
1 month ago
$1,775,000
  • 0 bath
  • 0 bed

295-297 ST PATRICK Street, Lower Town - Sandy Hill, Ontario • K1N 5K4 • 4001 - Lower Town/Byward Market

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

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