Development/Investment in Chinatown Retail FOR SALE


Ottawa, ON
$4,900,900 CAD
866-530-7737
, Ottawa, ON for Sale
$4,900,900 CAD
Retail - FOR SALE
1/3
null | 6.45% Cap Rate

Development/Investment in Chinatown
Ottawa, ON


HIGHLIGHTS

  • Mixed commercial and residential properties
  • Approximately 15 car parking
  • Net income approx $316,000.00

OVERVIEW

Investment/ Development Opportunity. 784 to 792 Somerset St W and 12 and 14 Lebreton St N. Mixed commercial and residential properties: 4 retail spaces (restaurants), 6 Apartments (1-2 bedroom apartment and 5-1 bedroom apartments) and 16 rooms rentals and approx 15 car parking. Lot: 784 to 792 Somerset St 87.66 x 90.94 Feet Irregular, and 12&14 Lebreton St 86.50 x 156.06 Feet Irregular, total lot area 18871 Sq Ft.The two lots from Somerset St and Lebreton St joins at the back.The total gross income is approx $396,000.00, the total expenses approx $80,000.00, the net income approx $316,000.00. Vendor may take back 1st mortgage with approx 15-20% down payment, terms to be negotiated. https://youtu.be/1oaXZp7N3II

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Steve GabellinieXp RealtyMore Info
866-530-7737

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Steve GabellinieXp RealtyMore Info
866-530-7737

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