Ottawa & Eastern OntarioNicolas Sigounis, REALTOR® · EXIT Realty Matrix, Brokerage

502 Bank Street Ottawa, Ontario K2P 1Z4

10,010 sqft
Partially Air Conditioned Other

$3,750,000

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. (id:67947)

Property Details

MLS® Number X14160010
Property Type Retail
Community Name 4103 - Ottawa Centre
Features Irregular Lot Size

Building

Age 51 To 99 Years
Cooling Type Partially Air Conditioned
Heating Type Other
Size Exterior 10010 Sqft
Size Interior 10,010 Sqft
Type Residential Commercial Mix
Utility Water Municipal Water

Land

Acreage No
Size Depth 99 Ft ,2 In
Size Frontage 65 Ft ,8 In
Size Irregular Bldg=65.71 X 99.21 Ft
Size Total Text Bldg=65.71 X 99.21 Ft
Zoning Description Ms1 H(30)

https://www.realtor.ca/real-estate/30491225/502-bank-street-ottawa-4103-ottawa-centre

Nicolas Sigounis, REALTOR®

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Nicolas SigounisREALTOR® · EXIT Realty Matrix, Brokerage

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Listing courtesy of Jp Chartrand, Sutton Group - Ottawa Realty

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Estimate only. This is not a rate offer or a mortgage approval. Payments use Canadian semi-annual compounding. Insurance premiums, taxes and rates can change, and legal fees, adjustments and other closing costs are not included. Confirm your numbers with your lender.