350 BOOTH Street, Ottawa - Office for Sale

350 BOOTH Street, Ottawa, Ontario, K1R7K4

6 parking4,000 ft²Listed 328 days ago

Overview

This office property in Ottawa is for sale offering roughly 4,000 sq ft of space.

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Description

7.5% cap rate. ICONIC building located on a CORNER lot with an 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®: X12628954
Property Type: Office
Zoning: Commercial GM2 & RH4
Parking: 6
Interior Size: 4,000 ft²
Frontage: 54 ft
Building Area: 4,000 ft²
Heating: Forced air, Natural gas
Cooling: Partially air conditioned
Property Tax: $20,000/yr
Listed: 328 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

328d

Ottawa listings, avg age

63d

Price / ft²

$550

List price

$2.20M

Haho

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Listed by COLDWELL BANKER FIRST OTTAWA REALTY · Raymond Chin

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

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)

$2,198,000· $550/ft²

For sale

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Financing

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