101-103 – 2019 Bank Street, Ottawa, Ontario, K1V0N1
Details
- Listing ID: X12805074
- Price: $769,000
- Address: 101-103 - 2019 Bank Street, Ottawa, Ontario K1V0N1
- Property Type: Retail
- Heating: Natural Gas, Forced Air
Description
ADDITIONAL LISTING DETAILS CAN BE FOUND UNDER PROPERTY SUMMARY SECTION THROUGH THE “BROCHURE” LINK. Located along Ottawa’s established Bank Street commercial corridor, this 1,416 sq. ft. asset offers investors exposure to a high-visibility mainstreet 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 reinforces the property’s alignment with long-term urban growth and intensification priorities. With one year remaining on the existing lease, this property has generated a 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. The combination of embedded demand drivers, corridor durability, and strategic positioning supports sustained tenant relevance and capital stability, making this a disciplined acquisition for investors focused on resilient urban commercial real estate. (id:22130)
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