511 Bank St - Storefront Retail/Residential FOR SALE


Ottawa, ON K2P 1Z5
$1,497,000 CAD
613-276-2217
511 Bank St, Ottawa, ON for Sale
$1,497,000 CAD
Storefront Retail/Residential - FOR SALE
1/1
null | 7.48% Cap Rate

511 Bank St
Ottawa, ON K2P 1Z5


HIGHLIGHTS

  • 7.5% cap rate
  • Main level + basement is currently leased to a full service restaurant
  • Upper level 2bed/1bath residential apartment offers great mix use flexibility

OVERVIEW

Rare Investment Opportunity! Achieve nearly 7.5% 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.

FOR SALE DETAILS

PRICE

$1,497,000 CAD

PRICE/SF

$684 CAD /SF

CAP RATE

7.48%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

TM

APN/PARCEL ID

061404220144300

ASK ABOUT THIS PROPERTY

Yisha ChangKeller Williams Integrity RealtyMore Info
613-276-2217

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Yisha ChangKeller Williams Integrity RealtyMore Info
613-276-2217

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.