$7,000,000
Available - For Sale
Listing ID: X13647498
4997 & Bank Street , Leitrim, K1X 1G8, Ottawa
| An exceptional investment opportunity in the heart of South Ottawa on high-visibility Bank Street! This income-producing property offers an outstanding opportunity with multiple revenue streams, making it an ideal addition to any real estate portfolio. The property features a well-maintained five-unit apartment building (4-2 bedroom units, 1-1 bedroom unit), plus a versatile commercial/office space at the front of the building consisting of an large open room and convenient powder room-perfect for a retail shop, professional office, studio, or service-based business. In addition to rent, there is an on site coin operated laundry facility. Adding even more value is a separately rented garage currently occupied by a busy car lot, providing additional stable rental income. Included with the property is a vacant lot (presently used by car lot), presenting exciting future potential for expansion, redevelopment (subject to approvals), additional parking, or other value-added opportunities. With RC2 zoning this property is ideally situated on one of Ottawa's busiest commercial corridors, this property benefits from exceptional exposure, easy access to transit, and close proximity to shopping, restaurants, and numerous amenities, making it highly attractive to both residential and commercial tenants. The main building also features a newer roof (2018), offering added peace of mind for investors. Whether you're looking to expand your investment portfolio or secure a prime mixed-use property with strong income and future upside, this is a rare opportunity in a sought-after location. |
| Price | $7,000,000 |
| Taxes: | $13056.41 |
| Tax Type: | Annual |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 4997 & Bank Street , Leitrim, K1X 1G8, Ottawa |
| Postal Code: | K1X 1G8 |
| Province/State: | Ottawa |
| Legal Description: | PT LT 25 CON 5RF GLOUCESTER AS IN NS1179 |
| Directions/Cross Streets: | Bank St and Rideau Rd |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Building Percentage: | T |
| Total Area: | 4500.00 |
| Total Area Code: | Square Feet |
| Financial Statement: | F |
| Water Expense: | $1680 |
| Expenses Actual/Estimated: | $Est |
| Washrooms: | 6 |
| Heat Type: | Baseboard |
| Central Air Conditioning: | No |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| ROYAL LEPAGE TEAM REALTY |
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|
Sirous Mowlazadeh
B.Sc., M.S.,Ph.D./ Broker
Dir:
416-409-7575
Bus:
905-270-2000
Fax:
905-270-0047
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At a Glance:
| Type: | Com - Investment |
| Area: | Ottawa |
| Municipality: | Leitrim |
| Neighbourhood: | 2501 - Leitrim |
| Tax: | $13,056.41 |
| Baths: | 6 |
| Fireplace: | N |
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