$3,750,000 Sale

Listed 3 hours ago

502 BANK STREET

MLS® x14160010 Residential Commercial Mix

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Beds · 0

Baths · 0.0

Parking · 0

Sqft · 10010

Est. mortgage

$14,226/mo

Key Facts

Key facts for 502 BANK STREET

Property Type

Commercial

Parking

Garage: No, 0 parking

MLS #

X14160010

Size

10010 sqft

Basement

Listed on

Lot size

Tax

Days on Market

Year Built

Maintenance Fee

Description

Exceptional opportunity to acquire a well-established income property producing apx $300,000 in gross annual income. Located on the vibrant corner of Bank Street and Arlington Ave, this offering includes 502-510 Bank Street and 5 Arlington Avenue, comprising 9 income-generating units: 5 commercial s...torefronts and 4 residential apartments. The commercial component features a diverse mix of established businesses, including restaurants, retail and a coffee shop, while the residential units consist of two one-bedroom and two bachelor apartments. Ideally situated in a high-visibility, pedestrian-friendly location surrounded by thriving businesses and established residential neighbourhoods. The property has benefited from numerous capital improvements over the years, including roof replacements, resurfaced parking areas and updated mechanical systems. An attractive turnkey investment offering diversified revenue streams in one of Ottawa's most sought-after urban commercial corridors. (id:10452)

Full Property Details

Interior

Washrooms

0.0

Square Footage

10010 sqft

Heating Type

Other

Air Conditioning

Partially air conditioned

Full Bathrooms

Half Bathrooms

Washrooms

0.0

Square Footage

10010 sqft

Heating Type

Other

Air Conditioning

Partially air conditioned

Full Bathrooms

Half Bathrooms

Exterior

Acreage

Bldg=65.71 x 99.21 FT

Parking Spaces

Garage Spaces Y/N

Zoning Description

MS1 H(30)

Acreage

Bldg=65.71 x 99.21 FT

Parking Spaces

Garage Spaces Y/N

Zoning Description

MS1 H(30)

Building Description

Home Type

Commercial

Subtype

Residential Commercial Mix

Water Supply

Municipal water

Home Type

Commercial

Subtype

Residential Commercial Mix

Water Supply

Municipal water

Community

Ottawa Centre

Area Code

Ottawa

Community

Ottawa Centre

Area Code

Ottawa

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Nik Zimmer

Email: [email protected] Cell: 250-859-6984