Description

Excellent investment opportunity in Rural Ottawa. This rare -acre Village Mixed-Use (VM) zoned property offers 165 feet of prime Bank Street frontage with a highly desirable rectangular configuration, delivering outstanding visibility and access.The property consists of two separate buildings. The commercial building is fully leased with three established tenants (including a C-store with LCBO/BEER STORE operation) and offers potential for a fourth unit, providing strong and stable income. The detached 3-bedroom residential home is consistently tenanted and features a separate entrance to a finished basement, adding further income flexibility. An ideal acquisition for investors seeking reliable cash flow and potential for future development. NOI $100,000.00 (id:66096)

Property Details

MLS®: X12701800
Property Type: Retail
Zoning: VM
Interior Size: 0 ft²
Lot Size: 21,780 sq ft (0.50 ac)
Frontage: 165 ft
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $5,946/yr
Listed: 293 days ago

Market Timing

Days on market

293d

Ottawa listings, avg age

63d

List price

$1.80M

Haho

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Area context

Neighbourhood profile (K0A)

This home lists at $1,800,000, about 15.7× the local median household income of $115,000.

Carrying it typically needs a household income of about $351,603 (20% down, 25-yr amortization, stress-tested) — roughly 206% above the area median.

Median household income: $115,000
Population: 111,626
Median age: 44
Owner / renter: 87% / 13%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA K0A)

$1,800,000

For sale

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Financing

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8715 Bank Street, Ottawa - Retail for Sale