Nest Seekers

Exceptional opportunity to acquire a well established income property.

502 Bank Street
Ottawa Centre K2P 1Z4
Canada

Listing

Web ID:5844944
Website:https://www.nestseekers.com/5844944

Property

Ownership: For Sale
Type: Unknown

Financials

Price:C3,750,000
($2,659,600)
(€2,383,300)
Annual Taxes:C51,141.80

Description

Exceptional opportunity to acquire a well-established income property. 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.

Contact

Simcoe County, Ontario
Angelo Ferlisi
9 Queen Street Unit 7, Cookstown, Ontario
Phone: +1 905-851-9099
onadmin@nestseekers.com
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