Ottawa Realtor Michele Xu

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495 SOMERSET STREET W

Ottawa, Ontario K1R5J7

$849,000 for sale

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MLS®:
1388646
Contract Days:
171
Community:
Centretown
Ownership:
Freehold
Property Type:
TM
Total Size:
32.4 ft X 65.2 ft
Built Date:
Parking:
3
Bedrooms:
+
Bathrooms:
Interior Features
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Total Stories:
Total Bedrooms:
Bedrooms Above Ground:
Bedrooms Below Ground:
Total Bathrooms:
Whole Bathrooms:
0
Half Bathrooms:
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Basement Development:
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Built Date:
Exterior Finish:
Foundation Type:
Utitilies
Heating Type:
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Sewer:
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Type
Level
Size

Note

Investment opportunity with minimal hassle. Offers a consistent and appealing annual return on investment, boasting a cap rate of 5.55% or higher, determined by the current listing price. 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. (id:19004)

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