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569 Gladstone Ave 6,195 SF 100% Leased Retail Building Ottawa, ON K1R 5P2 $1,175,000 CAD ($189.67 CAD/SF) 5.32% Cap Rate



INVESTMENT HIGHLIGHTS
- This great income property features two apartments and one commercial unit.
EXECUTIVE SUMMARY
Investors, take note! This great income property features two apartments and one commercial unit. The commercial unit is a restaurant, rented for $3,000 per month. Apartment two is rented for $1,750, and apartment three is rented for $1,450 per month. Gross income is $73,800, and the net operating income is $62,500. Please see it today!
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,195 SF
Building Class
C
Year Built
1933
Price
$1,175,000 CAD
Price Per SF
$189.67 CAD
Cap Rate
5.32%
NOI
$62,500 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Zoning
R61(H)13.0 - Future redevelopment flexibility
Frontage
33’ on Gladstone Ave
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
- Balcony
Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (73)
Bike Score®
Very Bikeable (88)
NEARBY MAJOR RETAILERS
1 of 4
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569 Gladstone Ave
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