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495 SOMERSET STREET W
Ottawa, Ontario K1R5J7

$849,000

ID# 1388646

ABOUT THIS PROPERTY


Investment opportunity with minimal hassle. Offers a consistent and appealing annual return on investment, boasting a cap rate of 5.55% or higher, determined by the current listing price. Prime downtown location. This property has served as a well-appointed bar/restaurant establishment for nearly four decades. Boasting 9-foot ceilings, it includes dining areas on multiple floors and a stylish bar lounge. The lower level is equipped with a walk-in cooler. A dependable tenant with over a decade of experience in running the restaurant occupies the premises. Zoned TM. A valuable addition to your enduring investment portfolio. (id:25961)

PROPERTY DETAILS


Property Type


Retail
Courtesy of ROYAL LEPAGE PERFORMANCE REALTY
Listed on: May 13, 2024

On market: 7 days

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