Sara AwadReal Estate
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350 BOOTH STREET

Ottawa, Ontario, K1R7K4

$2,198,000
For Sale · Retail · MLS® X12628958
Retail
Type

About this property

7.5% cap rate. ICONIC building located on a CORNER lot with an existing commercial tenant (restaurant) that's been operating since 1995 in the ground floor unit. This can be a turn-key investment or for self-use owner-occupied as well. 3 apartments on the upper floor. Each unit is approximately 600-700 sq ft. 6 parking spots on site. Restaurant seats 100 with 25 patio seating as well. Liquor licensed. The restaurant premise is approximately 2000 sq ft. Functional lower level and being used as part of the restaurant for preparation, fridges, freezers, and storage. 2nd floor with 3 two-bedroom apartments, kitchen, living/dining area, full bathroom. Each apartment pays their own hydro. Well-maintained building and turnkey investment. Roof replaced in 2023. Viewings are by appointment only through the listing agent. Please respect the restaurant business that's in operation. DO NOT APPROACH STAFF WITH QUESTIONS RELATED TO THE SALE. They will NOT answer. (id:66947)

Property details

Property

Property Type
Retail
Property Subtype
Retail
Lot Dimensions
Bldg=53.5 x 74.62 FT

Interior

Heating
Forced air, Natural gas
Cooling
Partially air conditioned

Utilities

Water
Municipal water

Financial

Property Taxes
20000

Location

City
Ottawa
Postal Code
K1R7K4

Location

Mortgage calculator
Estimated monthly
$10,065

Estimated payment only. Not financial advice. Excludes taxes, insurance, condo fees and mortgage default insurance.

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