REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 769,000
Est. payment | /mo
$ 769,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Subdivision 3803 - Ellwood
MLS Listing ID X12805074
Annual Tax Amount $3,014
Tax Year 2025
Property Sub-Type Commercial Retail
Property Description
High-visibility urban commercial investment with a 6.5% cap rate, 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.
Location
Province ON
County Ottawa
Area Ottawa
Interior
Cooling Partial
Exterior
Utilities Available Yes
Lot Frontage 175.0
Lot Depth 164.0
Others
Security Features Yes
ParcelsYN No
Listed by RE/MAX HALLMARK REALTY GROUP
Schools and Properties Nearby