Commercial/retail

511 BANK St, Ottawa Centre, Ontario K2P 1Z5

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Property Description

Rare Investment Opportunity! Achieve 7.6+ 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.

Basic Details
Property Type : Commercial/retail
Listing Type : For Sale
Listing ID : X9521113
Price : $1,447,000
Year Built : 0
Lot Area : 0 Sqft
Status : A
Days On Market : 131
Address
Postal Code : K2P 1Z5
City : Ottawa Centre
Street : BANK
Street Number : 511
Street Suffix : St
Floor Number : 0
Longitude : W76° 18' 28.4''
Latitude : N45° 24' 36.1''
Features
Parking : 7
Brokerage
Office Name : KELLER WILLIAMS INTEGRITY REALTY
Extra Information
Area : Ottawa
living_area : 0
living_area_unit : Sqft
Community : 4103 - Ottawa Centre
Lease : Sale
Tax Year : 2024
Virtual Tour : https://youtu.be/CBoKgELREeg
Commercial/retail For Sale
  • Listing ID : X9521113
  • Lot Area : 0 Sqft
  • Visits : 75 in 70 days
$1,447,000