$1,300,000
Available - For Sale
Listing ID: X9523590
549 GLADSTONE Ave , Ottawa Centre, K1R 5N9, Ontario
| INVESTMENT OPPORTUNITY! Amazing location Incredible opportunity to own a property minutes away from the heart of the City. Income property located in heart of downtown Ottawa. 547 and 501 Bay is residential/commercial property. Located in the bustling and not far from lively Little Italy, This is an excellent income generating property this property could also be transformed into a multi-unit building with a commercial space on mail floor .currently Main floor has a cafe and Second floor has 2 of 2 two bedroom apartments. This building also has an address of 501 Bay St as a third one bedroom apartment. Total gross rent is 97,200. All the residential units have been fully renovated and rented. The lot on the side of the property provides 4 parking. It also has a full basement can be turned into another use with separate entrance. Commercial unit located on main floor and additional income with 3 residential apartments units makes it unique. 24 hr irrevocable on all offers. |
| Price | $1,300,000 |
| Taxes: | $9874.00 |
| Occupancy by: | Tenant |
| Address: | 549 GLADSTONE Ave , Ottawa Centre, K1R 5N9, Ontario |
| Postal Code: | K1R 5N9 |
| Province/State: | Ontario |
| Legal Description: | PT LT 29, PL 22855 , N/S GLADSTONE AV AS |
| Lot Size: | 50.00 x 62.00 (Feet) |
| Directions/Cross Streets: | North East corner of Gladstone Ave and Bay st. |
| Category: | Retail |
| Total Area: | 3600.00 |
| Retail Area: | 1800 |
| Gross Income/Sales: | $94200 |
| Net Income Before Debt: | $74326 |
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| RE/MAX AFFILIATES REALTY LTD. |
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RAY NILI
Broker
Dir:
(416) 837 7576
Bus:
(905) 731 2000
Fax:
(905) 886 7557
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At a Glance:
| Type: | Com - Commercial/Retail |
| Area: | Ottawa |
| Municipality: | Ottawa Centre |
| Neighbourhood: | 4103 - Ottawa Centre |
| Lot Size: | 50.00 x 62.00(Feet) |
| Tax: | $9,874 |
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