Investment opportunity with minimal hassle. Offers a consistent and appealing annual return on investment, boasting a cap rate of 5.55% or higher, determined by the current listing price. 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:48621)
| MLS® Number | 1388646 |
| Property Type | Retail |
| Neigbourhood | Centretown |
| ParkingSpaceTotal | 3 |
| SizeInterior | 2000 Sqft |
| Acreage | No |
| SizeDepth | 65 Ft ,2 In |
| SizeFrontage | 32 Ft ,5 In |
| SizeIrregular | 32.4 Ft X 65.2 Ft |
| SizeTotalText | 32.4 Ft X 65.2 Ft |
| ZoningDescription | Tm |
https://www.realtor.ca/real-estate/26887759/495-somerset-street-w-ottawa-centretown
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.
