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 turnkey 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. The restaurant seats 100 with 25 patio seats as well. Liquor licensed. The restaurant premise is approximately 2000 sq ft. Functional lower level being used as part of the restaurant for preparation, fridges, freezers, and storage. 2nd floor with 3 two-bedroom apartments, kitchen, living/dining area, and 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:47421)
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Detailed Information
Lot
53.5 x 74.58 ft
Listing Contract Date
2025-12-11
Location Description
Cross Streets: Booth & Poplar. ** Directions: 350 BOOTH ST OTTAWA ON K1R 7K4.
# of Parking Spaces
6
Property Type
Office
Transaction Type
For sale
Zoning Description
Commercial GM2 & RH4
Building
Cooling Type
Partially air conditioned
Heating Fuel
Natural gas
Heating Type
Forced air
Size (Exterior)
4000 square feet
Type
Offices
Utility Water
Municipal water
Land
Total Size
Bldg=53.51 x 74.62 FT ; 0
Size of Irregular Land
Bldg=53.51 x 74.62 FT ; 0
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