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:47423)
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Detailed Information
Lot
31.92 x 97.75 ft
Listing Contract Date
2024-10-04
Location Description
North of Highway, fronting on east side of Bank street.
# of Parking Spaces
7
Property Type
Retail
Transaction Type
For sale
Zoning Description
TM
Building
Utility Water
Municipal water
Land
Total Size
Unit=31.97 x 97.8 FT ; 0
Size of Irregular Land
Unit=31.97 x 97.8 FT ; 0
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