495 Somerset Street W Ottawa, Ontario K1R 5J7
$849,000
Investment opportunity with minimal hassle. Offers a consistent and appealing annual return on investment, boasting a cap rate of 5.55% or higher, determined by the current listing price. 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:27588)
Property Details
| MLS® Number | 1388646 |
| Property Type | Retail |
| Neigbourhood | Centretown |
| Parking Space Total | 3 |
Building
| Size Interior | 2000 Sqft |
Land
| Acreage | No |
| Size Depth | 65 Ft ,2 In |
| Size Frontage | 32 Ft ,5 In |
| Size Irregular | 32.4 Ft X 65.2 Ft |
| Size Total Text | 32.4 Ft X 65.2 Ft |
| Zoning Description | Tm |
https://www.realtor.ca/real-estate/26887759/495-somerset-street-w-ottawa-centretown
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Ottawa Real Estate Board
Royal LePage Performance Realty
May 15 2024 08:12:24
