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.
PT LTS 10 & 11, PL 30 , EAST BANK STREET, AS IN N660385 ; OTTAWA/NEPEAN ;
Occupancy
Tenant
Possession Date
TBD
Taxes (2024)
$27,929
Directions/Cross Streets
North of Highway, fronting on east side of Bank street.
Neighbourhood
4103 - Ottawa Centre
Area
Ottawa
Price History
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Detailed Information
Freestanding
Y
Lot
31.97 x 97.8 ft
Retail Area
1,260 ft2
Total Area
2,190 ft2
Parking Spaces
7
Gross Income/Sales
$144,825
Net Income Before Debt
$111,609
Year Expenses
$2,024
Expenses Actual/Estimated
Act
Water
Municipal
Zoning
TM
Seller Property Info Statement
N
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