549 Gladstone Avenue Ottawa, Ontario K1R 5N9

$1,300,000

INVESTMENT OPPORTUNITY! Amazing location Incredible opportunity to own a property minutes away from the heart of the City. Income property located in heart of downtown Ottawa. 547 and 501 Bay is residential/commercial property. Located in the bustling and not far from lively Little Italy, This is an excellent income generating property this property could also be transformed into a multi-unit building with a commercial space on mail floor .currently Main floor has a cafe and Second floor has 2 of 2 two bedroom apartments. This building also has an address of 501 Bay St as a third one bedroom apartment. Total gross rent is 97,200. All the residential units have been fully renovated and rented. The lot on the side of the property provides 4 parking. It also has a full basement can be turned into another use with separate entrance. Commercial unit located on main floor and additional income with 3 residential apartments units makes it unique. 24 hr irrevocable on all offers. (id:43934)

Property Details

MLS® Number	1417458
Property Type	Retail
Neigbourhood	Centre Town
ParkingSpaceTotal	4

Building

SizeInterior

5400 Sqft

Land

Acreage	No
SizeDepth	62 Ft
SizeFrontage	50 Ft
SizeIrregular	50 Ft X 62 Ft
SizeTotalText	50 Ft X 62 Ft
ZoningDescription	Commercial/mixed Use

https://www.realtor.ca/real-estate/27565749/549-gladstone-avenue-ottawa-centre-town