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567 GLADSTONE AVENUE

Ottawa, Ontario, K1R5P2

$999,900
For Sale · Retail · MLS® X13614360
3
Bath
4
Parking
Retail
Type
3500
Sq Ft

About this property

Excellent mixed-use investment opportunity in a prime central location! This well-maintained building features a main-level retail/commercial/office space with good storage in the basement plus two separate residential apartments on the upper levels, creating an attractive income-producing property with multiple potential uses. The second-floor apartment offers 1 bedroom with parking included while the third-floor apartment offers an additional residential unit generating steady rental income. Tenants currently pay their own utilities with the exception of water, helping reduce operating costs. The main-level office space provides excellent exposure and flexibility for a variety of business uses or future leasing opportunities. A detached garage and parking for 4 vehicles included behind the building. Ideal opportunity for investors seeking cash flow and future rental upside, or owner-occupiers looking to operate a business while benefiting from additional income from the residential units above. Conveniently located close to downtown, transit, shopping, restaurants, and major amenities. Rare opportunity to own a versatile mixed-use property in a sought-after urban location with strong long-term potential. (id:66947)

Property details

Property

Property Type
Retail
Property Subtype
Retail
Bathrooms
3
Square Footage
3500
Lot Dimensions
Bldg=21.29 x 148.52 FT ; L shaped lot

Interior

Heating
Baseboard heaters
Cooling
None

Exterior

Parking
4 spaces

Utilities

Water
Municipal water

Financial

Property Taxes
7471

Location

City
Ottawa
Postal Code
K1R5P2

Location

Mortgage calculator
Estimated monthly
$4,579

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

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