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1710 Bank Street Ottawa, Ontario K1V 7Y6

$3,000,000

WELL BUILT COMMERCIAL BUILDING WITH EXTENSIVE RENOVATIONS. HAS TWO LEASES WITH GOOD RENTS. ONE LEASE IS OF 7 YEARS AND ANOTHER ONE IS OF 5 YEARS.THE MIDDLE UNIT WAS GOING TO BE USED BY THE OWNER AS ONE OF THEIR MODEL HOME DISPLAY CENTRES BUT NOT ANY MORE. BUT IF RENTED, COULD FETCH APX. $46,800.00 OF NET INCOME. THIS PROPOERTY IS A POTENTIAL FOR BUILDING MULTI 8/9 STOREY BUILDING WITH AN APPLICATION. CURRENT ZONING IS "AM" (ARTERIAN MAIN STREET), WHICH ALLOWS FOR A RANGE OF USES. PLEASE BE DISCREET AND DO NOT APPROACH CURRENT TENANTS AND EMPLOYEES DIRECTLY. YOU CAN COME AND SEE THE PROPOERTY FROM OUTSIDE BUT NO SHOWING OF THE INSIDE AREA WITHOUT ACCOMPANIMENT OF THE LISTING AGENT OR THE REPRESENTATIVE OF THE SELLER. CAP RATE IS APX.3.5% (id:36465)

Property Details

MLS® Number 1310962
Property Type Retail
Neigbourhood ALTA VISTA
Parking Space Total 11

Building

Constructed Date 1986

Land

Acreage No
Size Frontage 101 Ft ,7 In
Size Irregular 0.27
Size Total 0.27 Ac
Size Total Text 0.27 Ac
Zoning Description Arterian Main Street

https://www.realtor.ca/real-estate/24824252/1710-bank-street-ottawa-alta-vista

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