$1,800,000
399 BANK STREET
Beds
—
Baths
—
Sqft
3,900
Year
—
Type
Retail
Suite
Suite potential
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Ottawa. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
A rare investment opportunity in a prime location, a mixed-use property featuring an established restaurant on the ground floor and six fully leased residential apartments upstairs, offering immediate, reliable rental income. With a strong tenant mix and the stability of a proven business below, this is a turnkey opportunity for investors or owner-operators seeking long-term value in a prime urban location. (id:65958)
- Subtype
- Retail
- Community
- 4103 - Ottawa Centre
- Living area
- 3,900 square feet
- Lot dimensions
- Bldg=24.18 x 80.81 FT
- On market
- Jul 14, 2025
- Status changed
- Apr 24, 2026
- Annual tax
- $23,056 (2024)
- Zoning
- TMH(19)
- Photos
- 27
- MLS#
- X12282107
- Area
- OTTAWA
Features and systems
Heating
Cooling
Cash on cash
-6.34%
Cap rate
3.60%
GRM
16.7
Break-even rent
$11,001
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.