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511 BANK Street Image 1

$1,399,000

$1,447,000
3.3% dropped

Last price change 1 day ago

Oct 4, 2024Commercial Retail For Sale
bedroomsbed
washrooms0bath
MLS - #X9521113

511 BANK Street, Ottawa Centre, ON K2P 1Z5

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Average Price
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Property Description

Property type

Commercial Retail

Lot size

N/A

Style

Approx. Area

N/A

About 511 BANK Street

Rare Investment Opportunity! Achieve 7.6+ 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.

Home Overview

Last updated

1 day ago

Virtual tour

None

Basement information

Building size

2190

Status

In-Active

Property sub type

Commercial Retail

Maintenance fee

$N/A

Year built

--

Listed by KELLER WILLIAMS INTEGRITY REALTY

Additional Details

Basement:N/A
Cooling:Unknown
Heating:Unknown
Parking Features:N/A

MORTGAGE INFO

ESTIMATED PAYMENT

$0 Principal and Interest
$0 Property Taxes

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