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    For Sale - 502 Bank Street, Ottawa Centre, Ontario

    Est payment $18,007/mo
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    Time on Jump  1 days

    AI Summary *

    • Income property with nine units: five commercial storefronts and four residential apartments.
    • Tenant mix includes restaurants, retail, a coffee shop, and bachelor and one-bedroom apartments.
    • High-visibility corner location in a pedestrian-friendly urban commercial corridor.
    • Capital improvements include roof replacements, resurfaced parking, and updated mechanical systems.
    • Diversified income streams from commercial and residential units.




    Exceptional opportunity to acquire a well-established income property. Located on the vibrant corner of bank street and arlington ave, this offering includes 502-510 bank street and 5 arlington avenue, comprising 9 income-generating units: 5 commercial storefronts and 4 residential apartments. The commercial component features a diverse mix of established businesses, including restaurants, retail and a coffee shop, while the residential units consist of two one-bedroom and two bachelor apartments. Ideally situated in a high-visibility, pedestrian-friendly location surrounded by thriving businesses and established residential neighbourhoods. The property has benefited from numerous capital improvements over the years, including roof replacements, resurfaced parking areas and updated mechanical systems. An attractive turnkey investment offering diversified revenue streams in one of ottawa's most sought-after urban commercial corridors.
    Listing IDX14160010
    Address502 Bank Street
    CityOttawa Centre, Ontario
    Price$3,750,000
    StyleStore W Apt/Office
    Land Size6296.88
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Store W Apt/OfficeBasement 1Heating / Cooling Other

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    Listing Brokerage: SUTTON GROUP - OTTAWA REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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