Mirna Botros

613-600-2626

502 Bank Street - $3,750,000

502 Bank Street

$3,750,000

4103 - Ottawa Centre

Ottawa, OntarioK2P1Z4

0 beds

0 baths

null parking

10,010 sq ft

MLS#: X14160010Listed: about 2 hours agoUpdated:about 1 hour ago

Description

Exceptional opportunity to acquire a well-established income property producing apx $300,000 in gross annual income. Located on the vibrant corner of Bank Street and Arlington Ave, this offering includes 502-510 Bank Street and 5 Arlington Avenue, comprising 9 income-generating units: 5 commercial storefronts and 4 residential apartments. The commercial component features a diverse mix of established businesses, including restaurants, retail and a coffee shop, while the residential units consist of two one-bedroom and two bachelor apartments. Ideally situated in a high-visibility, pedestrian-friendly location surrounded by thriving businesses and established residential neighbourhoods. The property has benefited from numerous capital improvements over the years, including roof replacements, resurfaced parking areas and updated mechanical systems. An attractive turnkey investment offering diversified revenue streams in one of Ottawa's most sought-after urban commercial corridors. (id:58075)

Details

Details for 502 Bank Street, Ottawa, Ontario

Property Type: Retail
Building Type: Residential Commercial Mix
Square Footage: 10,010 sq ft
Storeys: -
Neighborhood: 4103 - Ottawa Centre
Land Size: Bldg=65.71 x 99.21 FT
Year Built: -
Annual Property Taxes: $51,142
Parking Type: -

Inside

Appliances: -
Rooms: -
Bedrooms: 0
Bathrooms: 0
Fireplace: -
Fireplace Total: -
Basement: -

Building

Architecture Style: -
Direction: Cross Streets: Bank and Catherine. ** Directions: Corner of Bank St and Arlington Ave.
Type of Dwelling: residential_commercial_mix
Roof: -
Exterior: -
Foundation: -
Flooring: -