350 BOOTH Street, Ottawa - Business for Sale
350 BOOTH Street, Ottawa, Ontario, K1R7K4
Description
7.5% cap rate. ICONIC building located on a CORNER lot with existing commercial tenant (restaurant) that's been operating since 1995 in the ground floor unit. This can be a turnkey investment or for self-use owner-occupied as well. 3 apartments on the upper floor. Each unit is approximately 600-700 sq ft. 6 Parking spots on site. The restaurant seats 100 with 25 patio seats as well. Liquor licensed. The restaurant premise is approximately 2000 sq ft. Functional lower level being used as part of the restaurant for preparation, fridges, freezers, and storage. 2nd floor with 3 two-bedroom apartments, kitchen, living/dining area, and full bathroom. Each apartment pays their own hydro. Well-maintained building and turnkey investment. Roof replaced in 2023. Viewings are by appointment only through the listing agent. Please respect the restaurant business that's in operation. DO NOT APPROACH STAFF WITH QUESTIONS RELATED TO THE SALE. They will NOT answer. (id:66096)
Property Details
- MLS®
- X12628966
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- Commercial GM2 & RH4
- Parking
- 6
- Lot Size
- 54 × 75 ft (3,993 sq ft)
- Frontage
- 54 ft
- Heating
- Forced air, Natural gas
- Cooling
- Partially air conditioned
- Garage
- Other
- Property Tax
- $20,000/yr
- Listed
- 328 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 328 days on market, against an average age of 63 days across the listings currently for sale in this city
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Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (K1R)
This home lists at $2,198,000, about 29.7× the local median household income of $74,000.
Carrying it typically needs a household income of about $429,346 (20% down, 25-yr amortization, stress-tested) — roughly 480% above the area median.
- Median household income
- $74,000
- Population
- 20,343
- Median age
- 36
- Owner / renter
- 31% / 69%
- Avg. household size
- 1.7
Source: Statistics Canada, 2021 Census (FSA K1R)
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$2,198,000
Ottawa