511 Bank Street Ottawa, Ontario K2P 1Z5

$1,269,000

Commercial mixed-use investment property with $150,549 gross rental income and $112,904 NOI, offered at an attractive 8.9cap rate! This property is located in a central and established urban area, surrounded by numerous retail services and commercial activities. Just north of Catherine Street and the Queensway, it is minutes from the downtown core and conveniently located near major employment, recreation and shopping, Parliament Hill, the Rideau Canal, ByWard Market, and active infill development. The main level features a fully fitted restaurant with a dining area of approximately 40 seats, service counter, food preparation area, public washrooms, and access to a full basement. The second level features a two-bedroom apartment with a kitchen and three-piece washroom. Please do not approach restaurant owner or the employees re- this sale. (id:43934)

Property Details

MLS® Number	X13764372
Property Type	Business
Neigbourhood	Centretown
Community Name	4103 - Ottawa Centre

Building

Appliances	Dishwasher
Cooling Type	Partially Air Conditioned
Heating Fuel	Natural Gas
Heating Type	Baseboard Heaters, Forced Air
Size Interior	2,131 Sqft
Utility Water	Municipal Water

Land

Acreage	No
Size Depth	94 Ft ,9 In
Size Frontage	32 Ft
Size Irregular	32 X 94.75 Ft
Size Total Text	32 X 94.75 Ft
Zoning Description	Ms1 H(30)

https://www.realtor.ca/real-estate/30257123/511-bank-street-ottawa-4103-ottawa-centre