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$850,000
Available - For Sale
Listing ID: X11915584
Investment opportunity with minimal hassle. Offers a consistent and appealing annual return on investment, boasting a cap rate of 5.6% or higher. Prime downtown location. This property has served as a well-appointed bar/restaurant establishment for nearly four decades. Boasting 9-foot ceilings, it includes dining areas on multiple floors and a stylish bar lounge. The lower level is equipped with a walk-in cooler. A dependable tenant with over a decade of experience in running the restaurant occupies the premises. Zoned TM. A valuable addition to your enduring investment portfolio.
Price $850,000
Taxes: $20,500
Tax Type: Annual
Occupancy by: Tenant
Address: 495 Somerset St West , Ottawa Centre, K1R 5J7, Ontario
Postal Code: K1R 5J7
Province/State: Ontario
Lot Size: 32.4 x 65.2 (Feet)
Directions/Cross Streets: Somerset/Lyon
Zoning: TM
Category: Retail
Building Percentage: Y
Total Area: 2,000
Total Area Code:  Sq Ft
Retail Area: 2000
Retail Area Code: Sq Ft
Expenses Actual/Estimated: $Act
Sprinklers: N
Heat Type: Other
Central Air Conditioning: Y
Water: Municipal
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
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Income Required $ $ $ $

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ROYAL LEPAGE PERFORMANCE REALTY

495 Somerset St West , Ottawa Centre, K1R 5J7, Ontario


 
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At a Glance:
Type: Com - Commercial/Retail
Area: Ottawa
Municipality: Ottawa Centre
Neighbourhood: 4102 - Ottawa Centre
Style:
Lot Size: 32.40 x 65.20(Feet)
Approximate Age:
Tax: $20,500
Maintenance Fee: $0
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