8715 Bank Street

Ottawa, Ontario K0A 3J0

0.5 Ac Lot size

54 days ago Listed

Fully Air Conditioned Forced Air

About this home

Excellent investment opportunity in Rural Ottawa. This rare -acre Village Mixed-Use (VM) zoned property offers 165 feet of prime Bank Street frontage with a highly desirable rectangular configuration, delivering outstanding visibility and access.The property consists of two separate buildings. The commercial building is fully leased with three established tenants (including a C-store with LCBO/BEER STORE operation) and offers potential for a fourth unit, providing strong and stable income. The detached 3-bedroom residential home is consistently tenanted and features a separate entrance to a finished basement, adding further income flexibility. An ideal acquisition for investors seeking reliable cash flow and potential for future development. NOI $100,000.00 (id:28469)

Facts & features

Property

MLS® Number: X12701800
Property Type: Retail
Community Name: 1604 - Vernon

Building

Cooling Type: Fully Air Conditioned
Heating Fuel: Natural Gas
Heating Type: Forced Air

Land

Acreage: No
Size Depth: 132 Ft
Size Frontage: 165 Ft
Size Irregular: 0.5
Size Total: 0.5 Ac
Size Total Text: 0.5 Ac
Zoning Description: Vm

Monthly payment estimate

Home price

Down payment 20%

Interest rate (%)

Amortization

Frequency

Estimated payment — per month

Mortgage amount: —
Total interest: —

Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.

Cost of ownership

Est. monthly payment: $7,970/mo
Ontario land transfer tax: $32,475 one-time

Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.

The Vernon market

6 Active listings

$514,945 Median asking price

250% above median This home

26 days Avg. time on market

Browse all Vernon listings →

Location

8715 Bank Street, Ottawa, Ontario K0A 3J0 · Get directions