Property Details
4997 & 4991 BANK STREET, Ottawa, Ontario, K1X1G8
Sales Representative
RE/MAX Hallmark Realty Group, Brokerage - Prescott
Cell: 613-401-4482
Tel: 613-596-5353
$6,500,000 - For sale
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. (id:2471)
Location DescriptionCross Streets: Bank St and Rideau Rd. ** Directions: Bank St south to 4977 Bank.
- Property Address:4997 & 4991 BANK STREET, Ottawa, Ontario, K1X1G8
- Property Type:Multi-family
- Community Name:2501 - Leitrim
- Lot Size:4500 ac
- Water Type:Municipal water
- Parking Space Total:30
- Structure Style:Multi-Family
- Bathrooms:6
- Floor Space:4500 sqft
- Heating Type:Natural gas, Baseboard heaters, Forced air
- Cooling Type:None
Sales Representative
RE/MAX Hallmark Realty Group, Brokerage - Prescott
Cell: 613-401-4482
Tel: 613-596-5353
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- Map 4997 & 4991 BANK STREET, Ottawa, Ontario, K1X1G8
- Neighbourhood Information
4997 & 4991 BANK STREET, Ottawa, Ontario, K1X1G8
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