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511 Bank Street Ottawa, Ontario K2P 1Z5

2190 sqft

$1,497,000

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. (id:28469)

Property Details

MLS® Number 1415073
Property Type Retail
Neigbourhood Ottawa Centre
ParkingSpaceTotal 7

Building

ConstructedDate 1945
SizeInterior 2190 Sqft

Land

Acreage No
SizeDepth 97 Ft ,10 In
SizeFrontage 32 Ft
SizeIrregular 31.97 Ft X 97.8 Ft
SizeTotalText 31.97 Ft X 97.8 Ft
ZoningDescription Tm