495 Somerset ST W new Save Request In-Person Tour Request Virtual Tour
Ottawa Centre,ON K1R 5J7
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $425
MLS Listing ID X11915584
Annual Tax Amount $20,500
Tax Year 2024
Property Description
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.
Location
Province ON
County Ottawa
Community 4102 - Ottawa Centre
Area Ottawa
Region 4102 - Ottawa Centre
City Region 4102 - Ottawa Centre
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Depth 65.2
Others
Security Features No