244-246 Laurier Avenue E Ottawa, Ontario K1N 6P4

$2,399,900

BEST VALUE IN OTTAWA, BUY A WHOLE BUILDING AND MAKE TONS OF MONEY WITH THIS CASH COW! Perfect opportunity to Owner-Occupy in one of Ottawas premier rental markets - Sandy Hill. This cornerstone opportunity can be the one that carries your entire portfolio, because the owner is able to offer a favourable VTB for qualified borrowers. With 20% down you can CASHFLOW OVER TEN THOUSAND DOLLARS/MONTH from day 1! Even better now because included is the sale of the business that NETs over 100k per year (VALUE of $300k +) This standalone building offers the main floor and basement restaurant / bar with over 3100 sq ft, as well as two 2-bedroom units totalling approx. 1560 sq ft. on the upper floors. NOI approx. 161k, which is a 6.7% CAP rate, which is almost impossible to beat in this area right now. Parking for up to 4 vehicles. Situated close to the Rideau Centre, U of O, Adawe Bridge, Access to 417, 48 hours notice for all showings, and 48 hours notice for all offers. (id:43934)

Property Details

MLS® Number	X12453921
Property Type	Retail
Neigbourhood	Sandy Hill
Community Name	4004 - Sandy Hill

Building

Appliances	Freezer, Hood Fan, Washer
Cooling Type	Fully Air Conditioned
Heating Fuel	Natural Gas
Heating Type	Other
Size Exterior	4706 Sqft
Size Interior	4,706 Ft2
Type	Residential Commercial Mix
Utility Water	Municipal Water

Land

Acreage	No
Size Depth	71 Ft
Size Frontage	62 Ft
Size Irregular	Bldg=62 X 71 Ft
Size Total Text	Bldg=62 X 71 Ft
Zoning Description	R4s[480], Lc1[2262]

https://www.realtor.ca/real-estate/28970784/244-246-laurier-avenue-e-ottawa-4004-sandy-hill