101-103 - 2019 Bank Street, Ottawa, photo 1 1 / 22

$650,000

101-103 - 2019 Bank Street

Ellwood, Ottawa, ON K1V0N1 · MLS® X13828174

  • 1,416 square feetLiving area

About this property

High-visibility urban commercial investment offering a 7.5% cap rate based on current annualized income, with an approaching opportunity for owner-occupancy or re-leasing. Along Ottawa's established Bank Street commercial corridor, this 1,416 sq. ft. property offers a prominent main-street location supported by surrounding residential density, neighbouring businesses and public transit. With the current lease expiring February 28, 2027, purchasers can secure the location with rental income in place while planning its next use. A future owner-operator can establish or expand a business in premises they own, while an investor has the flexibility to refresh the space and secure a new tenant. Currently configured as a restaurant, the property also offers potential for other compatible commercial uses, subject to zoning and condominium requirements. With current income and a defined transition ahead, it combines an established commercial address with flexibility for its next owner. ADDITIONAL DETAILS FOUND IN "MORE INFORMATION" LINK BELOW. (id:65933)

Type
Retail
Category
Retail
Annual taxes
$2,947
Updated
Nov 10, 2026

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Estimate only, not financial advice. Rent is reduced by vacancy, then management is taken on the rent collected; net operating income = that, less property tax and other costs; cap rate = net operating income ÷ price; cash flow also subtracts the mortgage (semi-annual compounding, as Canadian mortgages use). Vacancy default: CMHC Rental Market Report, Ottawa, October 2025.

Listed by Re/Max Hallmark Realty Group.

Listing data provided by REALTOR.ca DDF® and owned by The Canadian Real Estate Association (CREA). Deemed reliable but not guaranteed.

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