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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 $2,947
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
State ON
County Ottawa
Area Ottawa
Zoning MS2[1913] H(25)
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