Address
495 SOMERSET STREET W Ottawa, ON
Price
$ 999,000
Property Attributes
  • ID#1241673
  • TypeCommercial
  • CityOttawa
  • NeighbourhoodCentretown
  • Postal CodeK1R 5J7
  • Style
  • Price$ 999,000
  • Bedrooms0
  • Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
ROYAL LEPAGE PERFORMANCE REALTY
Data Source:
Canadian Real Estate Association
Property Description

Turn-key investment opportunity. Stable and attractive yearly return for your money(Cap rate 4.7% plus). Great centre town location. This building has been a tastefully decorated bar/ restaurant for almost 40 years. 9 Feet ceiling. Features dining rooms on both levels and a bar lounge. Walk-in cooler in lower level. The excellent tenant has been operating the restaurant for more than 10 years. Just started a new 5-year lease in Oct 2020. TM Zoning. Add this building to your long-term investment portfolio! (id:7434)

General Features

More Information Link https://www.realtor.ca/real-estate/23197181/495-somerset-street-w-ottawa-centretown
Neighbourhood Centretown
Property Type Retail
Zoning Description TM

Interior Features

Building Fireplace Present False

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in K1R 5J7

Price
AVG $1,000K
$1,000K
Visits
AVG 5
4