1416 sqft
Partially Air Conditioned
Forced Air
$769,000
High-visibility urban commercial investment offering stable income and long-term corridor appeal. Along Ottawa's established Bank Street commercial corridor, this 1,416 sq. ft. asset provides investors with exposure to a prominent main street location supported by surrounding residential density and consistent consumer activity. Its designation within a Major Transit Station Area and Mixed Use policy framework under the Official Plan further reinforces the property's connection to long-term urban growth and intensification. With one year remaining on the existing lease, the property is generating stable annual net income of approximately $47,500, while a two-year renewal option adds near-term continuity and future upside at rollover. Supported by durable demand drivers and a well-established corridor, this offering represents a disciplined acquisition for investors seeking resilient urban commercial real estate. ADDITIONAL DETAILS FOUND IN "MORE INFORMATION" LINK BELOW. (id:29090)
Property Details
|
MLS® Number
|
X12805074 |
|
Property Type
|
Retail |
|
Community Name
|
3803 - Ellwood |
Building
|
Cooling Type
|
Partially Air Conditioned |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Forced Air |
|
Size Interior
|
1416 Sqft |
|
Type
|
Retail |
|
Utility Water
|
Municipal Water |
Land
|
Acreage
|
No |
|
Size Depth
|
164 Ft |
|
Size Frontage
|
175 Ft |
|
Size Irregular
|
175 X 164 Ft |
|
Size Total Text
|
175 X 164 Ft |
|
Zoning Description
|
Ms2[1913] H(25) |
https://www.realtor.ca/real-estate/29381597/101-103-2019-bank-street-ottawa-3803-ellwood