$850,000
( $425.00Per Sq Foot )
 $4,563 est/mo Sourced by Back At You

495 Somerset Street , Ottawa Centre, ON K1R 5J7

Ottawa Centre, ON K1R 5J7

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Description

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.

Details

MLS#X11915584
Listing TypeFor Sale
Sub-TypeResale
StatusNew
Days On Site102
Listing Provided ByROYAL LEPAGE PERFORMANCE REALTY | X11915584 506702

Features

SQ Feet2,000
Acreage0.05
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board.

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Learn More About This Property

RAMIN MOHEBIAN

RAMIN MOHEBIAN

Coldwell Banker The Real Estate Centre

 (647) 206-6602Contact Me Form Link
ProvinceON
CountyOttawa
CityOttawa Centre
Postal CodeK1R 5J7
Area4102 Ottawa Centre
Listing VS Median (In K1R 5J7)
Price:
$850,000
low | high
Med:
$850,000
50% of Average
SqFt:
2,000
low | high
Med:
2,000
50% of Average
$ / SqFt:
$425
low | high
Med:
$425
50% of Average
On site:
102
low | high
Med:
102.000000
100% of Average
Sourced by Back At You
Listing Updated: April 8, 2025 at 3:03:42 AM PDT

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MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.
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