940 Montreal Road Ottawa, Ontario K1K 4E5
$1,500,000
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:50886)
Property Details
| MLS® Number | 1400405 |
| Property Type | Retail |
| Neigbourhood | Carson Grove |
| ParkingSpaceTotal | 10 |
Building
| ConstructedDate | 1980 |
| SizeInterior | 3600 Sqft |
Land
| Acreage | No |
| SizeDepth | 157 Ft ,9 In |
| SizeFrontage | 79 Ft ,5 In |
| SizeIrregular | 79.44 Ft X 157.72 Ft (irregular Lot) |
| SizeTotalText | 79.44 Ft X 157.72 Ft (irregular Lot) |
| ZoningDescription | Am10 |
https://www.realtor.ca/real-estate/27115551/940-montreal-road-ottawa-carson-grove
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Ruby Xue
Broker
224 Hunt Club Road, Unit 6
Ottawa, Ontario K1V 1C1
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July 02 2024 10:11:50
Ottawa Real Estate Board
Royal LePage Team Realty