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Main Photo: 940 MONTREAL ROAD, Ottawa
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Status:
Active
Prop. Type:
Retail
MLS® Num:
1400405
Commercial buildings for sale boasting excellent exposure and location. The property consists of two detached buildings: one currently operating as a pub (owner-operated) and the other leased to a hair salon. Ample on-site parking is available. The property offers excellent accessibility and visibility, situated in an AM10 commercial zone with significant redevelopment potential in the future.Both buildings are well-maintained and up-to-date with building codes. Current rental income is $84,000 per year for the pub (lease renewable or terminable at any time) and $15,600 per year for the salon (lease expiring in November 2025). The pub building measures 2,854 sq ft, while the salon building measures 840 sq ft with an additional unfinished basement for storage. This presents a compelling opportunity to acquire investment real estate. (id:2493)
Property Type:
Retail
Size Interior:
3,600 sq. ft.
Transaction Type:
For sale
Zoning:
AM10
Ownership Type:
Freehold
Community:
Carson Grove
Age:
44 years
Fireplace:
No
Lot Frontage:
79'
Lot Depth:
157'
Acreage:
No
Lot Size:
79.44 ft X 157.72 ft (Irregular Lot)
Lot Details:
79.44 ft X 157.72 ft (Irregular Lot)
Total Parking Spaces:
10
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Listed by ROYAL LEPAGE TEAM REALTY
Data was last updated July 22, 2024 at 02:15 AM (UTC)
Area Statistics
Listings on market:
48
Avg list price:
$1,399,950
Min list price:
$381,500
Max list price:
$5,380,000
Avg days on market:
54
Min days on market:
2
Max days on market:
380
Avg price per sq.ft.:
$520.64
These statistics are generated based on the current listing's property type and located in Ottawa. Average values are derived using median calculations.
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