940 MONTREAL Road, Overbook - Castleheights and Area | Image 1

940 MONTREAL Road

Overbook - Castleheights and Area, 3505 - Carson Meadows

  • Commercial

$1,500,000
For Sale

Added 5 months ago

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  • Type: Commercial/Retail

  • Property Type: Commercial

  • Zoning: AM10

  • Age: No Data

  • Taxes: 33504

  • MLS®#: X9515918

  • Days on Site: 170 Days

  • Added: Jul 02, 2024 (5 months ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: ROYAL LEPAGE TEAM REALTY

Commercial buildings for sale boasting excellent exposure and location. The property consists of two detached buildings: one currently operating as a pub (owner-operated) and the other leased to a hair salon. Ample on-site parking is available. The property offers excellent accessibility and visibility, situated in an AM10 commercial zone with significant redevelopment potential in the future.Both buildings are well-maintained and up-to-date with building codes. Current rental income is $84,000 per year for the pub (lease renewable or terminable at any time) and $15,600 per year for the salon (lease expiring in November 2025). This presents a compelling opportunity to acquire investment real estate. Floorplan in attachment.

Property

  • Status: Sale

  • Property Type: Commercial/Retail

  • Property Type: Retail

  • Net Income: 57876

  • Area: Overbook - Castleheights and Area

  • Community: 3505 - Carson Meadows

  • Availability Date: tbd

Parking

  • Covered Parking Spaces: 10

Fees

  • Tax Year: 2023

  • Tax Legal Description: PART LOT 23 CONCESSION 1 OTTAWA FRONT GLOUCESTER PART 1 ON PLAN

  • Taxes: $33,504

Land

  • Cross Street: At tghe intersection

  • Municipality District: Overbook - Castleheights an

  • Parcel Number: 042691890

  • Lot Depth: 157.72 Feet

  • Lot Frontage: 79.44 Feet

  • Lot Irregularities: 1

  • Zoning: AM10

Commercial Specific

  • Retail Area: 3600

  • Total Area: 3600

  • Gross Income/Sales: 99600

Map of 940 MONTREAL Road, Overbook - Castleheights and Area
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