502 BANK STREET
Ottawa, Ontario
MLS® X14160010
$3,750,000
- Status
- Active
- Property type
- Retail
- MLS® number
- X14160010
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 12Listing description
Exceptional opportunity to acquire a well-established income property producing apx $300,000 in gross annual income. 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.
Property summary
- MLS® number
- X14160010
- Property type
- Retail
- Building type
- Residential Commercial Mix
- Size
- 10,010 sq ft
- Land size
- Bldg=65.71 x 99.21 FT
- Annual property taxes
- $51,141.80
- Days on market
- 0 days
Features & details
- Heating
- Other
- Cooling
- Partially air conditioned
- Lot features
- Irregular lot size
What would this home cost you?
Based on the $3,750,000 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 SUTTON GROUP - OTTAWA REALTY, 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.