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$2,550,000
Est. payment /mo
4,706 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Store W Apt/Office
Listing Status Active
Purchase Type For Sale
Square Footage 4,706 sqft
Price per Sqft $541
Subdivision 4004 - Sandy Hill
MLS Listing ID X12318090
Annual Tax Amount $22,206
Tax Year 2025
Property Sub-Type Store W Apt/Office
Property Description
Tired of residential tenants? Invest in a well-maintained multi-purpose building with strong anchor tenants in one of Ottawas premier rental markets - Sandy Hill. This cornerstone opportunity can be the one that carries your entire portfolio, because the owner is able to offer a favourable VTB for qualified borrowers. With 20% down you can cashflow over $2000/month from day 1! This standalone building offers the main floor and basement restaurant / bar with over 3100 sq ft, as well as two 2-bedroom units totalling approx. 1560 sq ft. on the upper floors. NOI approx. 161k, which is a 6.3% CAP rate, which is almost impossible to beat in this area right now. Parking for up to 4 vehicles. Situated close to the Rideau Centre, U of O, Adawe Bridge, Access to 417, 48 hours notice for all showings, and 48 hours notice for all offers.
Location
Province ON
County Ottawa
Community 4004 - Sandy Hill
Area Ottawa
Zoning R4S[480], LC1[2262]
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 62.0
Lot Depth 71.0
Others
Security Features Yes
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Listed by RE/MAX HALLMARK REALTY GROUP