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$ 2,198,000
Est. payment | /mo
$ 2,198,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Active
Purchase Type For Sale
Subdivision 4205 - West Centre Town
MLS Listing ID X12628966
Annual Tax Amount $16,500
Tax Year 2025
Property Sub-Type Sale Of Business
Property Description
7.5% cap rate. ICONIC building located on a CORNER lot with existing commercial tenant (restaurant) that's been operating since 1995 in the ground floor unit. This can be a turnkey investment or for self-use owner-occupied as well. 3 apartments on the upper floor. Each unit is approximately 600-700 sq ft. 6 Parking spots on site. The restaurant seats 100 with 25 patio seats as well. Liquor licensed. The restaurant premise is approximately 2000 sq ft. Functional lower level being used as part of the restaurant for preparation, fridges, freezers, and storage. 2nd floor with 3 two-bedroom apartments, kitchen, living/dining area, and full bathroom. Each apartment pays their own hydro. Well-maintained building and turnkey investment. Roof replaced in 2023. Viewings are by appointment only through the listing agent. Please respect the restaurant business that's in operation. DO NOT APPROACH STAFF WITH QUESTIONS RELATED TO THE SALE. They will NOT answer.
Location
Province ON
County Ottawa
Area Ottawa
Interior
Cooling Partial
Exterior
Lot Frontage 53.51
Lot Depth 74.62
Others
ParcelsYN No
Listed by COLDWELL BANKER FIRST OTTAWA REALTY
NEARBY SCHOOL & BUSINESS
4145 North Service Road Unit 2, L7L6A3, Burlington, Ontario, Canada