$1,500,000
Available - For Sale
Listing ID: X9515918
940 MONTREAL Rd , Overbook - Castleheights and Area, K1K 4E5, Ontario
| 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). This presents a compelling opportunity to acquire investment real estate. Floorplan in attachment. |
| Price | $1,500,000 |
| Taxes: | $33504.00 |
| Occupancy by: | Owner |
| Address: | 940 MONTREAL Rd , Overbook - Castleheights and Area, K1K 4E5, Ontario |
| Postal Code: | K1K 4E5 |
| Province/State: | Ontario |
| Legal Description: | PART LOT 23 CONCESSION 1 OTTAWA FRONT GL |
| Lot Size: | 79.44 x 157.72 (Feet) |
| Directions/Cross Streets: | At tghe intersection of Montreal road and Hochelaga St. |
| Category: | Retail |
| Total Area: | 3600.00 |
| Retail Area: | 3600 |
| Gross Income/Sales: | $99600 |
| Net Income Before Debt: | $57876 |
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| ROYAL LEPAGE TEAM REALTY |
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At a Glance:
| Type: | Com - Commercial/Retail |
| Area: | Ottawa |
| Municipality: | Overbook - Castleheights and Area |
| Neighbourhood: | 3505 - Carson Meadows |
| Lot Size: | 79.44 x 157.72(Feet) |
| Tax: | $33,504 |
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