Description

A rare investment opportunity in a prime location, a mixed-use property featuring an established restaurant (triple NET lease) on the ground floor and six residential apartments upstairs (tenants pay individual heat and hydro, water is included), offering immediate, reliable rental income. With a strong tenant mix and the stability of a proven business below, this is a turnkey opportunity for investors or owner-operators seeking long-term value in a prime urban location. (id:66096)

Property Details

MLS®: X13654876
Property Type: Retail
Zoning: TMH(19)
Interior Size: 3,900 ft²
Frontage: 24 ft
Building Area: 3,900 ft²
Heating: Baseboard heaters
Cooling: Partially air conditioned
Property Tax: $26,578.03/yr
Listed: 88 days ago

Market Timing

Days on market

88d

Ottawa listings, avg age

63d

Price / ft²

$429

List price

$1.68M

Haho

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Area context

Neighbourhood profile (K2P)

This home lists at $1,675,000, about 25.2× the local median household income of $66,500.

Carrying it typically needs a household income of about $327,186 (20% down, 25-yr amortization, stress-tested) — roughly 392% 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)

$1,675,000· $429/ft²

For sale

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Financing

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399 Bank Street, Ottawa - Retail for Sale

Description

Property Details

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Market Timing

Location

Nearby Places

Neighbourhood profile (K2P)

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