$1,500,000 FOR SALE

Commercial/Retail

Lot: 79.42 x 157.75 ft

940 Montreal Road
Ottawa, ON K1K 4E5 | Carson Grove

Commercial buildings for sale boasting excellent exposure and location. The property consists of two detached buildings: one currently operating as a pub (owner-operated) and the other leased to a hair salon. Ample on-site parking is available. The property offers excellent accessibility and visibility, situated in an AM10 commercial zone with significant redevelopment potential in the future.Both buildings are well-maintained and up-to-date with building codes. Current rental income is $84,000 per year for the pub (lease renewable or terminable at any time) and $15,600 per year for the salon (lease expiring in November 2025). The pub building measures 2,854 sq ft, while the salon building measures 840 sq ft with an additional unfinished basement for storage. This presents a compelling opportunity to acquire investment real estate. (id:47423)

Share

Listed By ROYAL LEPAGE TEAM REALTY
Data Provided By Ottawa Real Estate Board
MLS® Listing Number 1400405
Last Updated Jul 02, 2024
Property Summary
Property Type Commercial/Retail

More like this:
Neighbourhood Carson Grove
Price History
Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Lot 79.42 x 157.75 ft
Listing Contract Date 2024-07-02
Municipal ID 042691890
Ownership Type Freehold
# of Parking Spaces 10
Property Type Retail
Transaction Type For sale
Zoning Description AM10
Building
Constructed Date 1980
Land
Total Size 79.44 ft X 157.72 ft (Irregular Lot)
Size of Irregular Land 79.44 ft X 157.72 ft (Irregular Lot)

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.