$850,000
( $425.00Per Sq Foot )
$4,563 est/mo Sourced by Back At You495 Somerset Street W,Ottawa, ON K1R5J7
Ottawa, ON K1R5J7
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. (id:13843)
Details
| MLS # | X11915584 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 186 |
| Listing Provided By | ROYAL LEPAGE PERFORMANCE REALTY | Dong Donna Sun |
Features
| SQ Feet | 2,000 |
|---|---|
| Zoning | TM |
Taxes
| Property | 3842 |
|---|
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Learn More About This Property
| Province | ON |
|---|---|
| City | Ottawa |
| Postal Code | K1R5J7 |
Nearby Listings (Within 1/4 mile)
Price: $637K - $1.62M
SqFt: 1,500 - 2,500
Listing Updated: June 27, 2025 at 8:17:18 PM PDT