502 BANK STREET, Ottawa
- Retail
- Ottawa location
Ask Peter Sagos about this property
About This Property
Exceptional opportunity to acquire a well-established income property. Located on the vibrant corner of Bank Street and Arlington Ave, this offering includes 502-510 Bank Street and 5 Arlington Avenue, comprising 9 income-generating units: 5 commercial storefronts and 4 residential apartments. The commercial component features a diverse mix of established businesses, including restaurants, retail and a coffee shop, while the residential units consist of two one-bedroom and two bachelor apartments. Ideally situated in a high-visibility, pedestrian-friendly location surrounded by thriving businesses and established residential neighbourhoods. The property has benefited from numerous capital improvements over the years, including roof replacements, resurfaced parking areas and updated mechanical systems. An attractive turnkey investment offering diversified revenue streams in one of Ottawa’s most sought-after urban commercial corridors. (id:66401)
Property Details
Building & Features
Building
- Building type
- Residential Commercial Mix
Interior
- Heating
- Other
- Cooling
- Partially air conditioned
- Fireplace
- No
Lot and land
- Lot dimensions
- Bldg=65.71 x 99.21 FT
- Frontage
- 65.8 ft
- Lot features
- Irregular lot size
- Zoning
- MS1 H(30)
- Water
- Municipal water
Location
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