Description

Prime Location on Preston Street one block from Claridge's ICON Building, Soho Italia Building and very close to Dow's Lake LRT Station and future Ottawa Hospital. Commercial/Residential building. Restaurant on ground floor + 1 bedroom apartment above. Approx. 1600 sq ft including finished basement. NOI: approx. $57k/annum. Potential future development while earning income from existing tenants. Ideal as an investment property. (id:66096)

Property Details

MLS®: X13529292
Property Type: Retail
Zoning: MS1[86] H(19.5)
Interior Size: 1,600 ft²
Lot Size: 25 × 75 ft (1,875 sq ft)
Frontage: 25 ft
Heating: Baseboard heaters
Cooling: Fully air conditioned
Property Tax: $14,300/yr
Listed: 121 days ago

Market Timing

Days on market

121d

Ottawa listings, avg age

62d

Price / ft²

$594

List price

$950K

Haho

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Area context

Neighbourhood profile (K1S)

This home lists at $950,000, about 9.0× the local median household income of $106,000.

Carrying it typically needs a household income of about $185,568 (20% down, 25-yr amortization, stress-tested) — roughly 75% above the area median.

Median household income: $106,000
Population: 31,257
Median age: 39.2
Owner / renter: 51% / 49%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA K1S)

$950,000· $594/ft²

For sale

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449 Preston Street, Ottawa - Retail for Sale

Description

Property Details

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Market Timing

Location

Nearby Places

Neighbourhood profile (K1S)

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