$1,500,000
FOR SALE

Commercial/Retail

Lot: 79.42 x 157.75 ft

940 Montreal Road
Ottawa, ON K1K 4E5 | Carson Grove

Commercial buildings for sale boasting excellent exposure and location. The property consists of two detached buildings: one currently operating as a pub (owner-operated) and the other leased to a hair salon. Ample on-site parking is available. The property offers excellent accessibility and visibility, situated in an AM10 commercial zone with significant redevelopment potential in the future.Both buildings are well-maintained and up-to-date with building codes. Current rental income is $84,000 per year for the pub (lease renewable or terminable at any time) and $15,600 per year for the salon (lease expiring in November 2025). The pub building measures 2,854 sq ft, while the salon building measures 840 sq ft with an additional unfinished basement for storage. This presents a compelling opportunity to acquire investment real estate. (id:47421)
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Listed By ROYAL LEPAGE TEAM REALTY
Data Provided By Ottawa Real Estate Board
MLS® Listing Number 1400405
Last Updated Oct 08, 2024
Property Summary
Property Type Commercial/Retail

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Neighbourhood Carson Grove
Price History

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Detailed Information
Lot 79.42 x 157.75 ft
Listing Contract Date 2024-07-02
Municipal ID 042691890
Ownership Type Freehold
# of Parking Spaces 10
Property Type Retail
Transaction Type For sale
Zoning Description AM10
Building
Constructed Date 1980
Land
Total Size 79.44 ft X 157.72 ft (Irregular Lot)
Size of Irregular Land 79.44 ft X 157.72 ft (Irregular Lot)

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