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Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Subdivision 1101 - Chatelaine Village
MLS Listing ID X13522854
Annual Tax Amount $31,751
Tax Year 2026
Property Sub-Type Commercial Retail
Property Description
Financing available!!!!!! This commercial retail plaza presents a strong investment opportunity with stable income and a diversified tenant mix. The property generates approximately $19,000 per month in rental income totalling $228,000 annually.Annual operating expenses are approximately $40,000, resulting in a net operating income (NOI) of approximately $188,000 per year, the property offers a cap rate of approximately 6.6%.The plaza consists of multiple income-producing retail units occupied by established businesses, including an Indian restaurant, electronics store, cigarette/vape shop, hair salon, pizza shop, and a convenience store, providing consistent foot traffic and reduced vacancy risk.The property also offers approximately 30 on-site parking spaces, enhancing accessibility and tenant appeal. This is a solid opportunity for investors seeking stable cash flow with long-term potential.
Location
State ON
County Ottawa
Area Ottawa
Zoning Commercial
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 62.17
Lot Depth 62.17
Others
Security Features No
ParcelsYN No
Listed by RE/MAX HALLMARK REALTY GROUP