1,416 ft2
Partially Air Conditioned
Forced Air
$650,000
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:37553)
Property Details
|
MLS® Number
|
X13828174 |
|
Property Type
|
Retail |
|
Community Name
|
3803 - Ellwood |
|
Amenities Near By
|
Public Transit |
Building
|
Cooling Type
|
Partially Air Conditioned |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Forced Air |
|
Size Interior
|
1,416 Ft2 |
|
Type
|
Retail |
|
Utility Water
|
Municipal Water |
Land
|
Acreage
|
No |
|
Land Amenities
|
Public Transit |
|
Size Depth
|
164 Ft |
|
Size Frontage
|
175 Ft |
|
Size Irregular
|
175 X 164 Ft |
|
Size Total Text
|
175 X 164 Ft |
|
Zoning Description
|
Ms2[1913] H(25) |
https://www.realtor.ca/real-estate/30327591/101-103-2019-bank-street-ottawa-3803-ellwood