Rare Investment Opportunity! Achieve nearly 7.5% CAP rate with over $110,000 in Net Income annually!\r\n\r\nThis 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.\r\n\r\nThe 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.\r\n\r\nPlease note: Do not approach the restaurant owner or staff regarding the sale of the property. (id:4069)
Address
511 BANK STREET
List Price
$1,497,000
Property Type
Retail
Area
Ontario
Sub-Area
Ottawa
Floor Area
2,190 Sq. Ft.
Lot Size
Unit=31.97 x 97.8 FT ; 0 Sq. Ft.
MLS® Number
X9521113
Listing Brokerage
KELLER WILLIAMS INTEGRITY REALTY
Postal Code
K2P1Z5
Zoning
TM
