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547 Gladstone Avenue Ottawa, Ontario K1R 5N9

$1,295,000.00

547 GLADSTONE AND 501 BAY ST. IS A RESIDENTIAL/COMMERCIAL PROPERTY LOCATED IN CENTRE TOWN AT THE CORNER OF GLADSTONE AND BAY STREET. MAIN FLOOR IS LEASED AT $3000/MONTH. THE SECOND FLOOR HAS 2 APARTMENTS. THIS BUILDING ALSO HAS AN ADDRESS OF 501 BAY ST AT WHICH THERE IS A THIRD APT. TOTAL GROSS RENT IS $76,800 WITH A NET INCOME OF $52,600 PER YEAR ( Please note that with some renovations on second level this buildings potential yearly gross rent can become $96,600 and after all expenses the NET INCOME $73,200 PER YEAR ) THE LOT ON THE SIDE OF PROPERTY PROVIDES PARKING FOR 4 CARS AND FOR FUTURE EXPANSION OF BUILDING. (id:30534)

Property Details

MLS® Number 1134484
Property Type Retail
Neigbourhood CENTRETOWN
Community Name Chinatown
Parking Space Total 4

Building

Fireplace Present No

Land

Acreage No
Size Depth 62 Ft
Size Frontage 50 Ft
Size Irregular 50 Ft X 62 Ft
Size Total Text 50 Ft X 62 Ft
Zoning Description Commercial/mixed Use

https://www.realtor.ca/PropertyDetails.aspx?PropertyId=20177176

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