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$ 2,399,900
Est. payment /mo
New
244-246 Laurier AVE E Lower Town - Sandy Hill, ON K1N 6P4
4,706 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Store W Apt/Office
Listing Status Active
Purchase Type For Sale
Square Footage 4,706 sqft
Price per Sqft $509
Subdivision 4004 - Sandy Hill
MLS Listing ID X12453921
Annual Tax Amount $22,206
Tax Year 2025
Property Sub-Type Store W Apt/Office
Property Description
BEST VALUE IN OTTAWA, BUY A WHOLE BUILDING AND MAKE TONS OF MONEY WITH THIS CASH COW! Perfect opportunity to Owner-Occupy in one of Ottawas premier rental markets - Sandy Hill. This cornerstone opportunity can be the one that carries your entire portfolio, because the owner is able to offer a favourable VTB for qualified borrowers. With 20% down you can CASHFLOW OVER TEN THOUSAND DOLLARS/MONTH from day 1! Even better now because included is the sale of the business that NETs over 100k per year (VALUE of $300k +) This standalone building offers the main floor and basement restaurant / bar with over 3100 sq ft, as well as two 2-bedroom units totalling approx. 1560 sq ft. on the upper floors. NOI approx. 161k, which is a 6.7% CAP rate, which is almost impossible to beat in this area right now. Parking for up to 4 vehicles. Situated close to the Rideau Centre, U of O, Adawe Bridge, Access to 417, 48 hours notice for all showings, and 48 hours notice for all offers.
Location
Province ON
County Ottawa
Community 4004 - Sandy Hill
Area Ottawa
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 62.0
Lot Depth 71.0
Others
Security Features Yes
ParcelsYN No
Virtual Tour https://youtu.be/yE1zK8AYcAo?si=GQByizuBTP0EwDqK
Listed by RE/MAX HALLMARK REALTY GROUP
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