511 Bank Street
Ottawa Centre, ON
- 2,131 sqft
- Investment
- 8 days on market
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.
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Listing Details
- Taxes (2026)
- $29,436
- Listed
- September 10, 2026
Price History
Listing history
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Property
- Lot Size
- 32 x 94.75 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- Bank x St Catherine
- Zoning
- MS1 H(30)
- Parcel Number
- 041230005
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Inclusions
- Fridge & Stove on the upper level, 1 HWT (rental), AC for the upper level (rental), Furnace, Hood in the restaurant kitchen, dishwasher with the sink in the restaurant kitchen
- Exclusions
- Tenant's belongings, wall AC in the restaurant, 1 HWT, all restaurant equipment (except the hood and dishwasher and sink), grease trapper in the basement, walk-in fridge in the basement, washer and dryer
Community
Postal area K2P
- Population
- 18,825
- Private dwellings
- 14,113
- Median age
- 34.4
- Average household size
- 1.5
- Median household income
- $66,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Ottawa Centre · last 12 months
- Median sold price
- $443,750
- Homes sold
- 378
- Median days on market
- 32
- Sale-to-list price
- 97.1%
Based on 378 recorded sales of commercial properties in Ottawa Centre over the last 12 months.
Listed by
EXP REALTY
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 2,131 sq ft
- Price per sq ft
- $595.50
- Annual property tax
- $29,436
- Tax per sq ft
- $13.81
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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