7.5% cap rate. ICONIC building located on a CORNER lot with existing commercial tenant (restaurant) that's been operating since 1995 on the ground floor unit. This can be a turn-key investment or for self use owner occupied as well. 3 Apartments on the upper floor. Each unit approx 600-700sqft. 6 Parking spots on site. Restaurant seats 100 with 25 patio seating as well. Liquor licensed. Restaurant premise is approx 2000sqft. Functional lower level and being used as part of the restaurant for preparation, fridges, freezers and storage. 2nd floor with 3 two bedroom apartments, kitchen, living/dining area, full bathroom. Each apartment pays their own hydro. Well maintained building and Turn-key investment. Roof replaced 2012. Viewings are by appointment only through listing agent. Please respect the restaurant business thats in operation. DO NOT APPROACH STAFF WITH QUESTIONS RELATED TO THE SALE. They will NOT answer. |
Price | $2,198,000 |
Taxes: | $16500.00 |
Tax Type: | Annual |
Occupancy by: | Owner |
Address: | 350 BOOTH St , West Centre Town, K1R 7K4, Ontario |
Postal Code: | K1R 7K4 |
Province/State: | Ontario |
Legal Description: | PT LT 202, PL 14 , AS IN N719104 ; OTTAW |
Lot Size: | 53.51 x 74.62 (Feet) |
Directions/Cross Streets: | Booth & Poplar |
Category: | With Property |
Use: | Restaurant |
Retail Area: | 0 |
Retail Area Code: | Sq Ft |
Financial Statement: | N |
Chattels: | Y |
Franchise: | N |
Hours Open: | sun-sat |
Employees #: | 6 |
Seats: | 100 |
LLBO: | Y |
Heat Type: | Gas Forced Air Closd |
Central Air Conditioning: | Part |
Water: | Municipal |
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
COLDWELL BANKER FIRST OTTAWA REALTY |
|
Book Showing | Email a Friend |
Type: | Com - Sale Of Business |
Area: | Ottawa |
Municipality: | West Centre Town |
Neighbourhood: | 4205 - West Centre Town |
Lot Size: | 53.51 x 74.62(Feet) |
Tax: | $16,500 |