511 BANK STREET, Ottawa

$1,269,000

For sale: Other

Other at 511 BANK STREET, Ottawa
Property type
Investment
MLS®
MLS® X13764372
Neighbourhood
4103 - Ottawa Centre

Commercial mixed-use investment property with $150,549 gross rental income and $112,904 NOI, offered at an attractive 8.9cap rate! This property is located in a central and established urban area, surrounded by numerous retail services and commercial activities. Just north of Catherine Street and the Queensway, it is minutes from the downtown core and conveniently located near major employment, recreation and shopping, Parliament Hill, the Rideau Canal, ByWard Market, and active infill development. The main level features a fully fitted restaurant with a dining area of approximately 40 seats, service counter, food preparation area, public washrooms, and access to a full basement. The second level features a two-bedroom apartment with a kitchen and three-piece washroom. Please do not approach restaurant owner or the employees re- this sale.

Sold data

Other homes in Ottawa — recent sold market

Other homes in Ottawa took a median of 28 days to sell over the last 730 days, with the quickest quarter selling within 11 days and the slowest quarter taking more than 58, across 45 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 35 days.

The median sale price was $799,000.

Homes sold for about 2.5% below asking on average, so there was room to negotiate.

About 13% of sales closed above the list price.

Around 20% of sellers reduced their price before finding a buyer.

Median days to sell
28
Median sale price
$799,000
Sale-to-list ratio
97.5%
Sold above asking
13%

Based on 45 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Ottawa

Ottawa has 217 Fraser Institute–rated schools (174 elementary and 43 secondary), averaging 6.2/10.

Rated schools
217
Elementary
174
Secondary
43
Average rating
6.2 / 10

Top-rated schools in Ottawa

  • Hopewell Avenue — elementaryFraser rating 8.5/10
  • Agincourt Road — elementaryFraser rating 8.4/10
  • First Avenue — elementaryFraser rating 8.4/10
  • Nepean — secondaryFraser rating 8.3/10
  • Elmdale — elementaryFraser rating 8.2/10
  • Jean-Robert Gauthier — elementaryFraser rating 8.2/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 511 BANK STREET