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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$449,900
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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Lot Size
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Building Size
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Premise Summary
Located in the heart of downtown Ottawa – this FREEHOLD commercial building is well located on one of Ottawa’s busiest and most easily accessible streets, close to Sandy Hill, Ottawa U, Vanier Parkway, Highway 417 and more! With huge floor to ceiling windows – light pours through this 2 storey building (with basement) and is ideal for an office for professional services, retail/showroom, pop-up shops, and much more. The main floor features open concept space perfect for display/showroom or welcoming reception, as well as an updated full bathroom with shower. The second level loft style space is perfect for open office or more retail space. The basement space features a kitchen area (with hoodfan and stove plug), a “soundproof” room, and additional workspace or storage space. Approximately 830 +/- square feet. This is an end unit allowing for easy delivery access. Great signage options. 1 parking space included. Yearly common area fee of approx. $579/year. (id:39198)
Location
Province
Ontario
City
Ottawa
Address
517 Rideau Street
Postal Code
K1N5Z5
Location Highlights
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Listed by
ROYAL LEPAGE TEAM REALTY Ontario listing
Category
Property Information
Premise Status
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With Accommodation
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Tenancy
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Lot Size
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Available Space
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Building Size
830
Year Built
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Years Remaining in Current Lease Term
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Renewal Options
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Operational Information
Number of Working Owners
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Current Owner - years
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FF & E
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
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Financial Information
Yearly Rate
$449,900
Asking Price
$449,900
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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Gross Revenue- annual
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Cash Flow - annual
1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
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EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
830
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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