101-103 - 2019 BANK STREET
Ottawa, Ontario
MLS® X13828174
$650,000
- Status
- Active
- Property type
- Retail
- MLS® number
- X13828174
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
Listing description
High-visibility urban commercial investment offering a 7. 5% cap rate based on current annualized income, with an approaching opportunity for owner-occupancy or re-leasing. Along Ottawa's established Bank Street commercial corridor, this 1,416 sq.
ft. property offers a prominent main-street location supported by surrounding residential density, neighbouring businesses and public transit. With the current lease expiring February 28, 2027, purchasers can secure the location with rental income in place while planning its next use.
A future owner-operator can establish or expand a business in premises they own, while an investor has the flexibility to refresh the space and secure a new tenant. Currently configured as a restaurant, the property also offers potential for other compatible commercial uses, subject to zoning and condominium requirements. With current income and a defined transition ahead, it combines an established commercial address with flexibility for its next owner.
ADDITIONAL DETAILS FOUND IN "MORE INFORMATION" LINK BELOW.
Property summary
- MLS® number
- X13828174
- Property type
- Retail
- Building type
- Retail
- Size
- 1,416 sq ft
- Land size
- 175 x 164 FT
- Annual property taxes
- $2,947.22
- Days on market
- 49 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- Partially air conditioned
What would this home cost you?
Based on the $650,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of RE/MAX HALLMARK REALTY GROUP, OTTAWA.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.