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$850,000
Status: For Sale
Investment opportunity with minimal hassle. Offers a consistent and appealing annual return on investment, boasting a cap rate of 5.6% or higher. Prime downtown location. This property has served as a well-appointed bar/restaurant establishment for nearly four decades. Boasting 9-foot ceilings, it includes dining areas on multiple floors and a stylish bar lounge. The lower level is equipped with a walk-in cooler. A dependable tenant with over a decade of experience in running the restaurant occupies the premises. Zoned TM. A valuable addition to your enduring investment portfolio.
| Property Type | :Commercial |
|---|---|
| MLS Number | :X11915584 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :01 Feb, 2025 (52 Days ago) |
| Source | :TRREB |
| Area | :Ottawa |
|---|---|
| Postal Code | :
K1R 5J7
|
| Price | : $850,000 |
|---|---|
| Property Taxes | :$20500.00 |
| Tax Year | :2024 |
|---|
| Cross Street | :Somerset/Lyon |
|---|
09 Jan, 2025
TREB #X11915584
Available
$850,000
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