INVESTMENT OPPORTUNITY! Amazing location Incredible opportunity to own a property minutes away from the heart of the City. Income property located in heart of downtown Ottawa. 547 and 501 Bay is residential/commercial property. Located in the bustling and not far from lively Little Italy, This is an excellent income generating property this property could also be transformed into a multi-unit building with a commercial space on mail floor .currently Main floor has a cafe and Second floor has 2 of 2 two bedroom apartments. This building also has an address of 501 Bay St as a third one bedroom apartment. Total gross rent is 97,200. All the residential units have been fully renovated and rented. The lot on the side of the property provides 4 parking. It also has a full basement can be turned into another use with separate entrance. Commercial unit located on main floor and additional income with 3 residential apartments units makes it unique. 24 hr irrevocable on all offers.
PT LT 29, PL 22855 , N/S GLADSTONE AV AS IN N585728, S/T & T/W N585728 ; OTTAWA/NEPEAN
Occupancy
Tenant
Possession Date
TBD
Taxes (2018)
$9,874
Directions/Cross Streets
North East corner of Gladstone Ave and Bay st.
Neighbourhood
4103 - Ottawa Centre
Area
Ottawa
Price History
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Detailed Information
Lot
50 x 62 ft
Retail Area
1,800
Total Area
3,600
Parking Spaces
4
Gross Income/Sales
$94,200
Net Income Before Debt
$74,326
Zoning
Commercial/mixed use
Seller Property Info Statement
N
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