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    For Sale - 511 Bank Street, Ottawa Centre, Ontario

    Est payment $6,094/mo
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    Views   1
    Time on Jump  38 day

    AI Summary *

    • Strong investment potential with significant gross rental income streams.
    • Located in a central urban area, ideal for retail and commercial activities.
    • Main level features a fully equipped restaurant with seating and kitchen.
    • Second level includes a two-bedroom apartment for additional rental income.
    • Close to downtown, shopping, and major recreational sites.




    Commercial mixed-use investment property with $150,549 gross rental income and $112,904 noi, offered at an attractive 8. 9cap rate! This property is located in a central and established urban area, surrounded by numerous retail services and commercial activities. Just north of catherine street and the queensway, it is minutes from the downtown core and conveniently located near major employment, recreation and shopping, parliament hill, the rideau canal, byward market, and active infill development. The main level features a fully fitted restaurant with a dining area of approximately 40 seats, service counter, food preparation area, public washrooms, and access to a full basement. The second level features a two-bedroom apartment with a kitchen and three-piece washroom. Please do not approach restaurant owner or the employees re- this sale.
    Listing IDX13764372
    Address511 Bank Street
    CityOttawa Centre, Ontario
    Price$1,269,000
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentHeating / Cooling Baseboard

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    Listing Brokerage: EXP 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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    511 Bank Street
    Ottawa Centre , Ontario
    $1,269,000
    Get more info