547 GLADSTONE AND 501 BAY ST. IS A RESIDENTIAL/COMMERCIAL PROPERTY LOCATED IN CENTRE TOWN AT THE CORNER OF GLADSTONE AND BAY STREET. MAIN FLOOR IS LEASED AS AN INTERNET CAFE AT $3000/MONTH. THE SECOND FLOOR HAS 2 APARTMENTS. THIS BUILDING ALSO HAS AN ADDRESS OF 501 BAY ST AND A THIRD APT. TOTAL GROSS RENT IS $76,800 WITH A NET INCOME OF $52,600 PER YEAR ( Please note that with some renovations on second floor this building will have potential yearly gross rent of $96,600 and after all expenses the NET INCOME $73,200 PER YEAR ) THE LOT ON THE SIDE OF PROPERTY PROVIDES PARKING FOR 4 CARS AND FOR FUTURE EXPANSION OF BUILDING. (id:26541)
|TransactionFor sale||Zoning DescriptionCOMMERCIAL/MIXED USE|
|Bathrooms (Half)0||Bathrooms (Total)0|
|Size Frontage50 ft||Size Depth62 ft|
|Size Irregular50 ft X 62 ft|
Listing Office: DETAILS REALTY INC.
Data Provided by Ottawa Real Estate Board
Last Modified :11/02/2019 05:13:57 PM
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