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549 Gladstone Ave

1,800 SF 100% Leased Retail Building Ottawa, ON K1R 5P2 $1,300,000 CAD ($722 CAD/SF) 6.72% Cap Rate

Retail Space Ontario Ottawa 549 Gladstone Ave, Ottawa, ON K1R 5P2

Investment Highlights

  • Minutes away from the heart of the City
  • Total gross rent is 97,200
  • Residential/commercial property
  • Commercial unit located on main floor and additional income with 3 residential apartments

Executive Summary

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

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
1,800 SF
Year Built
1910
Price
$1,300,000 CAD
Price Per SF
$722 CAD
Cap Rate
6.72%
NOI
$87,326 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.64
Lot Size
0.06 AC
Zoning
TM14 H(17) - Traditional Mainstreet
Parking
4 Spaces (2.22 Spaces per 1,000 SF Leased)
Frontage
68 ft on Bay St

Amenities

  • Bus Line
  • Signage
  • Signalized Intersection
1 of 1
Walk Score ®
Walker's Paradise (97)
Transit Score ®
Excellent Transit (71)
Bike Score ®
Biker's Paradise (93)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Second Cup Cafe
Tim Hortons
The Royal Oak
Independent Grocer
Starbucks
Shoppers Simply Pharmacy
The Famous Owl of Minerva
Scotiabank
Anytime Fitness
Td Canada Trust
(613) 276-0398

Contact

  • Listing ID: 30828664

  • Date on Market: 2024-01-31

  • Last Updated:

  • Address: 549 Gladstone Ave, Ottawa, ON K1R 5P2

The Retail Property at 549 Gladstone Ave, Ottawa, ON K1R 5P2 is currently available for sale. Contact Re/Max Affiliates Realty LTD for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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Interior
549 Gladstone Ave, Ottawa, ON for sale Interior Photo- Image 6 of 11
Interior
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Kitchen
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549 Gladstone Ave
(613) 276-0398 x

549 Gladstone Ave

Akram Syed

(613) 276-0398

(613) 276-0398

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