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495 Somerset Street W Ottawa, Ontario K1R 5J7

2000 sqft

$849,000

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:6673)

Property Details

MLS® Number 1388646
Property Type Retail
Neigbourhood Centretown
Parking Space Total 3

Building

Size Interior 2000 Sqft

Land

Acreage No
Size Depth 65 Ft ,2 In
Size Frontage 32 Ft ,5 In
Size Irregular 32.4 Ft X 65.2 Ft
Size Total Text 32.4 Ft X 65.2 Ft
Zoning Description Tm

https://www.realtor.ca/real-estate/26887759/495-somerset-street-w-ottawa-centretown

Interested?

Contact us for more information


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Dong Donna Sun
Broker

(613) 266-1352
www.donnasunhomes.com/

Royal LePage Performance Realty
#201-1500 Bank Street
Ottawa, Ontario K1H 7Z2

(613) 733-9100
(613) 733-1450

Yong Li
Salesperson

(819) 360-9758

Royal LePage Performance Realty
#201-1500 Bank Street
Ottawa, Ontario K1H 7Z2

(613) 733-9100
(613) 733-1450