$850,000
( $425.00Per Sq Foot )
$4,563 est/mo Sourced by Back At You495 Somerset St W , Ottawa, ON K1R
Ottawa, ON K1R
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.
Details
| MLS# | X11915584 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Days On Site | 14 |
| Listing Provided By | ROYAL LEPAGE PERFORMANCE REALTY | Not Provided |
Features
| SQ Feet | 2,000 |
|---|
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Learn More About This Property
| State | ON |
|---|---|
| County | Ottawa |
| City | Ottawa |
| Zip Code | K1R |
| Area | 4102 Ottawa Centre |
| Listing VS Median (in K1R) | |
Price: $850,000 low | high Med: $750,000 SqFt: 2,000 low | high Med: 1,500 $ / SqFt: $425 low | high Med: $500 On Site: 14 low | high Med: 8.000000 | |
Listing Updated: January 9, 2025 at 11:44:09 PM PST