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299 Bank Street, Ottawa, ON 2 photos

$5,850,000

Active
299 Bank Street, Ottawa, ON· Ottawa Centre
18000
Sq Ft

About this Property

Two storey walk-up retail/office building plus full height basement for a total building area of approx. 18,000 SF. Located in the heart of Centretown on one of the busiest corners at Bank and Somerset Street. Long standing established Dollar Store occupies the ground floor and lower level of approx. 12,000 SF with a lease that expires August 31, 2026. The second floor office tenant has approx. 6,000 SF of creative open concept office space which includes a kitchenette and two large washrooms. Large staircase landings could accommodate a future elevator if desired by the purchaser. Opportunity for purchaser to occupy part or whole building. No options to renew in place but both tenants willing to stay. This property sits on a 55' x 115' lot with easy access to HWY 417 and transit nearby including buses along Bank Street or a 10 minute walk to the Parliament O-Train Station. Close proximity to many amenities such as shops, restaurants, Canal, Parliament, Glebe, ByWard Market and all that downtown Ottawa has to offer.

Listed by ZINATI REALTY INC. · MLS# X13061804

Features & Details

Property details of 299 Bank Street, Ottawa, ON

Property TypeCommercial Retail
StyleMulti-Use
Size18000 sq ft

Mortgage Calculator

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Mortgage Payment$28,739/monthly
Principal54%
Interest46%
Principal Amount$4,680,000
Interest$3,941,788
Total Payable$8,621,788
Amortization25 years

* Estimate only. Consult a mortgage broker for accurate figures.

Cash Flow Analysis

Mortgage payment$28,739
Mortgage + Expenses$28,739
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Monthly Cash Flow-$28,739

* Estimate only. Consult a mortgage broker for accurate figures.

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Akash Sharma

Akash Sharma

REALTOR® · Ali Realty Group Inc.

Ottawa's trusted real estate partner with 170+ successful transactions and $30M+ in sales.

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