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. (id:47421)
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Detailed Information
Lot
50 x 62 ft
Listing Contract Date
2024-06-16
Municipal ID
041200285
Ownership Type
Freehold
# of Parking Spaces
4
Property Type
Retail
Transaction Type
For sale
Zoning Description
Commercial/mixed use
Building
Land
Total Size
50 ft X 62 ft
Size of Irregular Land
50 ft X 62 ft
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