511 Bank Street, Ottawa - Business for Sale
511 Bank Street, Ottawa, Ontario, K2P1Z5
This business in Ottawa is for sale offering roughly 2,131 sq ft of space. It has been on the market 57 days, fresher than the Ottawa average of 62 days.
Description
Commercial mixed-use investment property with $150,549 gross rental income and $112,904 NOI, offered at an attractive 8.9cap rate! This property is located in a central and established urban area, surrounded by numerous retail services and commercial activities. Just north of Catherine Street and the Queensway, it is minutes from the downtown core and conveniently located near major employment, recreation and shopping, Parliament Hill, the Rideau Canal, ByWard Market, and active infill development. The main level features a fully fitted restaurant with a dining area of approximately 40 seats, service counter, food preparation area, public washrooms, and access to a full basement. The second level features a two-bedroom apartment with a kitchen and three-piece washroom. Please do not approach restaurant owner or the employees re- this sale. (id:66096)
Property Details
- MLS®
- X13764372
- Property Type
- Business
- Zoning
- MS1 H(30)
- Interior Size
- 2,131 ft²
- Lot Size
- 32 × 95 ft (3,032 sq ft)
- Frontage
- 32 ft
- Heating
- Baseboard heaters, Forced air, Natural gas
- Cooling
- Partially air conditioned
- Property Tax
- $29,436.22/yr
- Listed
- 57 days ago
Features
- Appliances
- Dishwasher
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 57 days on market, against an average age of 62 days across the listings currently for sale in this city
This business in Ottawa has been listed for 57 days, which is 5 days fresher than the city average of 62. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (K2P)
This home lists at $1,269,000, about 19.1× the local median household income of $66,500.
Carrying it typically needs a household income of about $247,880 (20% down, 25-yr amortization, stress-tested) — roughly 273% above the area median.
- Median household income
- $66,500
- Population
- 18,825
- Median age
- 34.4
- Owner / renter
- 19% / 81%
- Avg. household size
- 1.5
Source: Statistics Canada, 2021 Census (FSA K2P)
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$1,269,000
Ottawa