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Home ON Ottawa - Gatineau Ottawa Centretown
511 BANK STREET
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511 BANK STREET $1,497,000
$1,497,000
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511 BANK STREET
Ottawa, Ontario K2P1Z5

MLS® Number: 1415073

Listing Description

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. (28918788)

Property Summary

Property Type
Retail
Neighbourhood Name
Ottawa Centre
Title
Freehold
Land Size
31.97 ft X 97.8 ft
Built in
1945
Annual Property Taxes
$27,929
Total Parking Spaces
7
Time on REALTOR.ca
43 days

Building

Parking
Total Parking Spaces
7

Measurements

Square Footage
2190 sqft

Land

Lot Features
Frontage
32 ft
Land Depth
97 ft ,10 in
Other Property Information
Zoning Description
TM
Data provided by: Ottawa Real Estate Board 1826 Woodward Drive, Ottawa, Ontario K2C 0P7
Yisha Chang