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$7,000,000
Available - For Sale
Listing ID: X13647498
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.
Price $7,000,000
Taxes: $13,056.41
Tax Type: Annual
Assessment Year: 2025
Occupancy by: Tenant
Address: 4997 & Bank Street , Leitrim, K1X 1G8, Ottawa
Postal Code: K1X 1G8
Province/State: Ottawa
Legal Description: PT LT 25 CON 5RF GLOUCESTER AS IN NS1179
Directions/Cross Streets: Bank St and Rideau Rd
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Category: Apartment
Building Percentage: T
Total Area: 4,500
Total Area Code:  Square Feet
Financial Statement: F
Maintenance: 0
Water Expense: $1680
Expenses Actual/Estimated: $Est
Heat Type: Baseboard
Central Air Conditioning: No
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ROYAL LEPAGE TEAM REALTY

4997 & Bank Street , Leitrim, K1X 1G8, Ottawa

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Arash Salehrad
Broker
Dir:
(647)402-5949
Bus:
(905)508-9500
Fax:
(905)773-3861

 
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Type: Com - Investment
Area: Ottawa
Municipality: Leitrim
Neighbourhood: 2501 - Leitrim
Style:
Lot Size: x 287.54(Feet)
Approximate Age:
Tax: $13,056.41
Maintenance Fee: $0
Beds: 0
Baths: 6
Garage: 0
Fireplace: N
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Personal Pic Arash Salehrad Broker pic arashsalehrad@gmail.com RE/MAX REALTRON REALTY INC., Brokerage Independently owned and operated. pic 13321 Yonge St., Unit 203, Richmond Hill, Ontario L4E 3L3 pic Office: (905)508-9500 | Fax: (905)773-3861 | Cell: (647)402-5949