ON > Ottawa Centre > 4102 - Ottawa Centre
Ottawa Centre, ON K1R 5J7,495 Somerset ST W
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Ottawa Centre, ON K1R 5J7,495 Somerset ST W
Ottawa Centre, ON K1R 5J7,495 Somerset ST W
Ottawa Centre, ON K1R 5J7,495 Somerset ST W
Ottawa Centre, ON K1R 5J7,495 Somerset ST W
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Jamie Black

Jamie Black

+1(416) 496-9220
$ 850,000
Est. payment /mo
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Active

495 Somerset ST W Ottawa Centre, ON K1R 5J7

2,000 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial Retail

Listing Status Active

Purchase Type For Sale

Square Footage 2,000 sqft

Price per Sqft $425

Subdivision 4102 - Ottawa Centre

MLS Listing ID X11915584

Annual Tax Amount $20,500

Tax Year 2024

Property Sub-Type Commercial Retail

Property 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.

Location

Province ON

County Ottawa

Community 4102 - Ottawa Centre

Area Ottawa

Interior

Cooling Yes

Exterior

Utilities Available Yes

Lot Frontage 32.4

Lot Depth 65.2

Others

Security Features No

Listed by ROYAL LEPAGE PERFORMANCE REALTY
agent

Jamie Black

Sales Representative

+1(416) 496-9220

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495 Somerset ST W

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