Investment opportunity with minimal hassle. Offers a consistent and appealing annual return on investment, boasting a cap rate of 5.6% or higher. 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:48414)
| MLS® Number | X11915584 |
| Property Type | Retail |
| Neigbourhood | Chinatown |
| Community Name | 4102 - Ottawa Centre |
| Cooling Type | Fully Air Conditioned |
| Heating Type | Other |
| Size Exterior | 2000 Sqft |
| Size Interior | 2,000 Ft2 |
| Utility Water | Municipal Water |
| Acreage | No |
| Size Depth | 65 Ft ,2 In |
| Size Frontage | 32 Ft ,4 In |
| Size Irregular | Bldg=32.4 X 65.2 Ft |
| Size Total Text | Bldg=32.4 X 65.2 Ft |
| Zoning Description | Tm |
https://www.realtor.ca/real-estate/27784579/495-somerset-street-w-ottawa-4102-ottawa-centre
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