
Courtesy of: Danny Morissette, Salesperson, RE/MAX HALLMARK REALTY GROUP
$650,000
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1,416 square feet
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|
Retail
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$650,000
101-103 - 2019 BANK STREET High-visibility urban commercial investment with a 7.5% cap rate, offering stable income and long-term corridor appeal. Along Ottawa's established Bank Street commercial corridor, this 1, 416 sq. ft. asset provides investors with exposure to a prominent main street location supported by surrounding residential density and consistent consumer activity. Its designation within a Major Transit Station Area and Mixed Use policy framework under the Official Plan further reinforces the property's connection to long-term urban growth and intensification. With the existing lease expiring February 28, 2027, the property offers flexibility for a future owner-operator seeking a well-positioned location for their business, while providing investors with immediate income and the opportunity to secure a new lease or reposition the tenancy upon expiry. Whether acquiring for future occupancy or as an income-producing investment, the property offers a defined path forward in one of Ottawa's established commercial corridors. ADDITIONAL DETAILS FOUND IN "MORE INFORMATION" LINK BELOW. (id:203)