511 Bank ST, Ottawa Centre, ON K2P 1Z5
511 Bank ST, Ottawa Centre, ON K2P 1Z5
511 Bank ST, Ottawa Centre, ON K2P 1Z5
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$1,269,000
Est. payment /mo
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2,131 SqFt
Active

511 Bank ST Ottawa Centre, ON K2P 1Z5

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Grace Simon

Grace Simon

+1(905) 953-6926

UPDATED:

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 2,131 sqft

Price per Sqft $595

Subdivision 4103 - Ottawa Centre

MLS Listing ID X13764372

Annual Tax Amount $29,436

Tax Year 2026

Property Sub-Type Investment

Property Description

Commercial mixed-use investment property with $150,549 gross rental income and $112,904 NOI, offered at an attractive 8.9cap rate! This property is located in a central and established urban area, surrounded by numerous retail services and commercial activities. Just north of Catherine Street and the Queensway, it is minutes from the downtown core and conveniently located near major employment, recreation and shopping, Parliament Hill, the Rideau Canal, ByWard Market, and active infill development. The main level features a fully fitted restaurant with a dining area of approximately 40 seats, service counter, food preparation area, public washrooms, and access to a full basement. The second level features a two-bedroom apartment with a kitchen and three-piece washroom. Please do not approach restaurant owner or the employees re- this sale.

Location

Province ON

County Ottawa

Area Ottawa

Zoning MS1 H(30)

Interior

Cooling Partial

Inclusions Fridge & Stove on the upper level, 1 HWT (rental), AC for the upper level (rental), Furnace, Hood in the restaurant kitchen, dishwasher with the sink in the restaurant kitchen

Exterior

Parking Features None

Utilities Available Yes

Building

Lot Description Lot

Others

Virtual Tour https://youtu.be/oLmWRwcSvH8

Lited by EXP REALTY

Nearby Locations

Grace Simon

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(905) 953-6926

grace.simon@exprealty.com

Newmarket

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511 Bank ST