MLS#: X13828174Listed: about 2 hours agoUpdated:about 2 hours ago
Description
High-visibility urban commercial investment with a 7.5% cap rate, offering stable income and long-term corridor appeal. Along Ottawa's established Bank Street commercial corridor, this 1,416 sq. ft. asset provides investors with exposure to a prominent main street location supported by surrounding residential density and consistent consumer activity. Its designation within a Major Transit Station Area and Mixed Use policy framework under the Official Plan further reinforces the property's connection to long-term urban growth and intensification. With the existing lease expiring February 28, 2027, the property offers flexibility for a future owner-operator seeking a well-positioned location for their business, while providing investors with immediate income and the opportunity to secure a new lease or reposition the tenancy upon expiry. Whether acquiring for future occupancy or as an income-producing investment, the property offers a defined path forward in one of Ottawa's established commercial corridors. ADDITIONAL DETAILS FOUND IN "MORE INFORMATION" LINK BELOW. (id:58075)
Details
Details for 2019 Bank Street Unit 101 103, Ottawa, Ontario
Property Type
Retail
Building Type
Retail
Storeys
-
Neighborhood
3803 - Ellwood
Land Size
175 x 164 FT
Year Built
-
Annual Property Taxes
$2,947
Parking Type
-
Inside
Appliances
-
Rooms
-
Bedrooms
-
Bathrooms
0
Fireplace
-
Fireplace Total
-
Basement
-
Building
Architecture Style
-
Direction
Cross Streets: Ledbury Ave. ** Directions: Head southwest on Hunt Club Rd/Ottawa 32 W toward Dunston Terrace. Turn right onto Bank St/Ottawa Regional Rd 31. Make a U-turn at Kitchener Ave. Take the exit. Turn right. Destination will be on the right.
Type of Dwelling
retail
Roof
-
Exterior
-
Foundation
-
Flooring
-
Land
Sewer
-
Lot Size
175 x 164 FT
Zoning
-
Zoning Description
MS2[1913] H(25)
Parking
Features
-
Total Parking
-
Utilities
Cooling
Partially air conditioned
Heating
Forced air, Natural gas
Water
Municipal water
Feature Highlights
Community
-
Lot Features
-
Security
-
Pool
-
Waterfront
-
Rooms
Rooms for 2019 Bank Street Unit 101 103, Ottawa, Ontario