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495 Somerset Street Image 1

$850,000

Jan 9Commercial Retail For Sale
bedroomsbed
washrooms0bath
MLS - #X11915584

495 Somerset Street, Ottawa Centre, ON K1R 5J7

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Average Price
85000000.0%
Higher than average

Price Comparison

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Property Description

Property type

Commercial Retail

Lot size

N/A

Style

Approx. Area

N/A

About 495 Somerset Street

Investment opportunity with minimal hassle. Offers a consistent and appealing annual return on investment, boasting a cap rate of 5.6% or higher. 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.

Home Overview

Last updated

Feb 1

Virtual tour

None

Basement information

Building size

2000

Status

In-Active

Property sub type

Commercial Retail

Maintenance fee

$N/A

Year built

--

Listed by ROYAL LEPAGE PERFORMANCE REALTY

Additional Details

Basement:N/A
Cooling:Yes
Heating:Other
Parking Features:N/A

MORTGAGE INFO

ESTIMATED PAYMENT

$0 Principal and Interest
$0 Property Taxes

Location

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Walk Score for 495 Somerset Street

Some information about this property - Somerset Street

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