940 Montreal Road Ottawa, Ontario K1K 4E5
$1,500,000
Commercial buildings for sale boasting excellent exposure and location. The property consists of two detached buildings: one currently operating as a pub (owner-operated) and the other leased to a hair salon. Ample on-site parking is available. The property offers excellent accessibility and visibility, situated in an AM10 commercial zone with significant redevelopment potential in the future.Both buildings are well-maintained and up-to-date with building codes. Current rental income is $84,000 per year for the pub (lease renewable or terminable at any time) and $15,600 per year for the salon (lease expiring in November 2025). The pub building measures 2,854 sq ft, while the salon building measures 840 sq ft with an additional unfinished basement for storage. This presents a compelling opportunity to acquire investment real estate. (id:36465)
Property Details
| MLS® Number | 1400405 |
| Property Type | Retail |
| Neigbourhood | Carson Grove |
| Parking Space Total | 10 |
Building
| Constructed Date | 1980 |
| Size Interior | 3600 Sqft |
Land
| Acreage | No |
| Size Depth | 157 Ft ,9 In |
| Size Frontage | 79 Ft ,5 In |
| Size Irregular | 79.44 Ft X 157.72 Ft (irregular Lot) |
| Size Total Text | 79.44 Ft X 157.72 Ft (irregular Lot) |
| Zoning Description | Am10 |
https://www.realtor.ca/real-estate/27115551/940-montreal-road-ottawa-carson-grove
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October 08 2024 10:13:22
Ottawa Real Estate Board
Royal LePage Team Realty
Brent McElheran, Broker of Record Royal LePage Team Realty
McElheran & Associates
Phone: 613.725.1171 | Toll free: 1.800.307.1545 | Email: mail@brentmcelheran.com
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