511 BANK STREET
Ottawa, Ontario K2P1Z5

$1,497,000

ID# X9521113
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:25961)

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Courtesy of KELLER WILLIAMS INTEGRITY REALTY

Listed on: October 04, 2024

On market: 55 days
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Address Price Bed Bath SqFt Area Sub Area Brokerage
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LizWardhaugh

Sales Representative

Direct: 613.884.6652

lizwardhaugh@royallepage.ca

Anita deVries Bonneau

Sales Representative BA. LL.B.

Direct: 613-299-1547

anitadbonneau@royallepage.ca

Every client a V.I.P , every house a home.

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