2019 Bank St - Apartments CONDO FOR SALE


Ottawa, ON K1V 0N1- East Central
$825,000 CAD
613-334-6497
2019 Bank St, Ottawa, ON for Sale
$825,000 CAD
Apartments CONDO - FOR SALE
1/21
null | Request Cap Rate

2019 Bank St
Ottawa, ON K1V 0N1
East Central


OVERVIEW

Corner retail investment on Ottawa's Bank Street: three connected ground-floor commercial condo units totaling 1,416 sq. ft. with prominent corner exposure, open retail floorplan, broad storefront glazing, and dedicated sign boxes above each unit; on-site customer parking and a professionally managed condo setting support efficient operations and predictable carrying costs. Minutes to South Keys Shopping Centre and the Heron Bank retail corridor high-traffic destinations anchored by national brands (Walmart/Best Buy; Home Depot/Canadian Tire)with steady demand from Greenboro, Blossom Park, South Keys and Alta Vista, plus commuter flows via Hunt Club Road and Airport Parkway and established transit along Bank Street. The property is leased, generating stable annual income of approximately $47,500 net, with a two-year renewal option positioning this asset for durable cash flow today and sensible upside at rollover.

FOR SALE DETAILS

PRICE

$825,000 CAD

PRICE/SF

$583 CAD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

76,630 SF

STORIES

10

BUILDING CLASS

C

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,878 SF

ZONING

AM185

APN/PARCEL ID

61411650178700,61411650178702,61411650178703,61411650178706

ASK ABOUT THIS PROPERTY

Danny MorissetteDRM Real Estate & Developments; Brokered By RE/MAXMore Info
613-334-6497

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Danny MorissetteDRM Real Estate & Developments; Brokered By RE/MAXMore Info
613-334-6497

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.