Exceptional opportunity to acquire a well-established income property producing apx $300,000 in gross annual income. Located on the vibrant corner of Bank Street and Arlington Ave, this offering includes 502-510 Bank Street and 5 Arlington Avenue, comprising 9 income-generating units: 5 commercial storefronts and 4 residential apartments. The commercial component features a diverse mix of established businesses, including restaurants, retail and a coffee shop, while the residential units consist of two one-bedroom and two bachelor apartments. Ideally situated in a high-visibility, pedestrian-friendly location surrounded by thriving businesses and established residential neighbourhoods. The property has benefited from numerous capital improvements over the years, including roof replacements, resurfaced parking areas and updated mechanical systems. An attractive turnkey investment offering diversified revenue streams in one of Ottawa's most sought-after urban commercial corridors. (id:63879)
| MLS® Number | X14160010 |
| Property Type | Retail |
| Community Name | 4103 - Ottawa Centre |
| Features | Irregular Lot Size |
| Age | 51 To 99 Years |
| Cooling Type | Partially Air Conditioned |
| Heating Type | Other |
| Size Exterior | 10010 Sqft |
| Size Interior | 10,010 Sqft |
| Type | Residential Commercial Mix |
| Utility Water | Municipal Water |
| Acreage | No |
| Size Depth | 99 Ft ,2 In |
| Size Frontage | 65 Ft ,8 In |
| Size Irregular | Bldg=65.71 X 99.21 Ft |
| Size Total Text | Bldg=65.71 X 99.21 Ft |
| Zoning Description | Ms1 H(30) |
https://www.realtor.ca/real-estate/30491225/502-bank-street-ottawa-4103-ottawa-centre
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