$ 1,497,000
511 BANK STREET Ottawa, ON K2P1Z5
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$ 1,497,000
Est. payment | /mo
2,190 SqFt
$ 1,497,000
Est. payment | /mo
2,190 SqFt
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 2,190 sqft
Price per Sqft $683
Subdivision Ottawa Centre
MLS® Listing ID 1415073
Originating Board Ottawa Real Estate Board
Year Built 1945
Property Description
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. (id:24570)
Location
Province ON
Exterior
Garage No
Waterfront No
View Y/N No
Total Parking Spaces 7
Private Pool No
Others
Ownership Freehold
Listed by KELLER WILLIAMS INTEGRITY REALTY
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "