10 January,2025
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Canadian Mortgages

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$1,300,000
Available - For Sale
Listing ID: X9523590
INVESTMENT OPPORTUNITY! Amazing location Incredible opportunity to own a property minutes away from the heart of the City. Income property located in heart of downtown Ottawa. 547 and 501 Bay is residential/commercial property. Located in the bustling and not far from lively Little Italy, This is an excellent income generating property this property could also be transformed into a multi-unit building with a commercial space on mail floor .currently Main floor has a cafe and Second floor has 2 of 2 two bedroom apartments. This building also has an address of 501 Bay St as a third one bedroom apartment. Total gross rent is 97,200. All the residential units have been fully renovated and rented. The lot on the side of the property provides 4 parking. It also has a full basement can be turned into another use with separate entrance. Commercial unit located on main floor and additional income with 3 residential apartments units makes it unique. 24 hr irrevocable on all offers.
Price $1,300,000
Taxes: $9,874
Occupancy by: Tenant
Address: 549 GLADSTONE Ave , Ottawa Centre, K1R 5N9, Ontario
Postal Code: K1R 5N9
Province/State: Ontario
Legal Description: PT LT 29, PL 22855 , N/S GLADSTONE AV AS
Lot Size: 50 x 62 (Feet)
Directions/Cross Streets: North East corner of Gladstone Ave and Bay st.
Zoning: Commercial/mixed
Category: Retail
Total Area: 3,600
Retail Area: 1800
Gross Income/Sales: $94200
Net Income Before Debt: $74326
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RE/MAX AFFILIATES REALTY LTD.

549 GLADSTONE Ave , Ottawa Centre, K1R 5N9, Ontario

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Maria Tompson
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416-548-7854
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416-548-7854
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416-981-7184

 
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At a Glance:
Type: Com - Commercial/Retail
Area: Ottawa
Municipality: Ottawa Centre
Neighbourhood: 4103 - Ottawa Centre
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Lot Size: 50.00 x 62.00(Feet)
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Tax: $9,874
Maintenance Fee: $0
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Maria Tompson
Your Company Name , Brokerage
Independently owned and operated.
416-548-7854 sales@bestforagents.com
Office Address : 4711 Yonge Street, 10th Floor, Toronto, Ontario M2N 6K8
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