Address
101-103 - 2019 Bank Street, Ottawa, ON
Price
$ 769,000
Property Attributes
- ID#X12805074
- TypeCommercial
- Listing Status Active
- MunicipalityOttawa
- CityOttawa
- Area3803 - Ellwood
- Neighbourhood3803 - Ellwood
- Postal CodeK1V 0N1
- Style
- Price$ 769,000
- Bedrooms0
- Bathrooms0
- Half Bathrooms0
- Sqr Footage1416
Data Source:
Canadian Real Estate Association (CREA)
Property Description
High-visibility urban commercial investment with a 6.5% cap rate, offering stable income and long-term corridor appeal. Along Ottawa's established Bank Street commercial corridor, this 1,416 sq. ft. asset provides investors with exposure to a prominent main street location supported by surrounding residential density and consistent consumer activity. Its designation within a Major Transit Station Area and Mixed Use policy framework under the Official Plan further reinforces the property's connection to long-term urban growth and intensification. With one year remaining on the existing lease, the property is generating stable annual net income of approximately $47,500, while a two-year renewal option adds near-term continuity and future upside at rollover. Supported by durable demand drivers and a well-established corridor, this offering represents a disciplined acquisition for investors seeking resilient urban commercial real estate. ADDITIONAL DETAILS FOUND IN "MORE INFORMATION" LINK BELOW. (id:7434)
General Features
| Property Type | Retail |
|---|---|
| Zoning Description | MS2[1913] H(25) |
| CommunityName | 3803 - Ellwood |
| Building Cooling Type | Partially air conditioned |
| Location Description | Cross Streets: Ledbury Ave. ** Directions: Head southwest on Hunt Club Rd/Ottawa 32 W toward Dunston Terrace. Turn right onto Bank St/Ottawa Regional Rd 31. Make a U-turn at Kitchener Ave. Take the exit. Turn right. Destination will be on the right. |
| Building Type | Retail |
Interior Features
| Building Fireplace Present | False |
|---|---|
| Building Heating Type | Forced air |
| Building Heating Fuel | Natural gas |
| Living Area Range | 1416 |
Amenities
- Views
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in K1V 0N1
Price
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