7.5% cap rate. ICONIC building located on a CORNER lot with existing commercial tenant (restaurant) that's been operating since 1995 in the ground floor unit. This can be a turnkey investment or for self-use owner-occupied as well. 3 apartments on the upper floor. Each unit is approximately 600-700 sq ft. 6 Parking spots on site. The restaurant seats 100 with 25 patio seats as well. Liquor licensed. The restaurant premise is approximately 2000 sq ft. Functional lower level being used as part of the restaurant for preparation, fridges, freezers, and storage. 2nd floor with 3 two-bedroom apartments, kitchen, living/dining area, and full bathroom. Each apartment pays their own hydro. Well-maintained building and turnkey investment. Roof replaced in 2023. Viewings are by appointment only through the listing agent. Please respect the restaurant business that's in operation. DO NOT APPROACH STAFF WITH QUESTIONS RELATED TO THE SALE. They will NOT answer.
Address
350 Booth Street
List Price
$2,198,000
MLS® Status
New
Expiration Date
2026-12-31
Property Type
Commercial
Type of Dwelling
Sale Of Business
Transaction Type
Sale
Area
West Centre Town
Sub-Area
4205 - West Centre Town
Region
Ottawa
Lot Depth
74.62
Lot Type
Lot
Lot Size Units
Feet
Lot Width
53.51
Parcel Number
041080246
Occupant Type
Owner
Cross Street
Booth & Poplar
Frontage Length
16.31
MLS® Number
X12628966
Listing Brokerage
COLDWELL BANKER FIRST OTTAWA REALTY
Basement
No
Postal Code
K1R 7K4
Posession Details
TBD
Parking Spaces
6
Tax Amount
$16,500.00
Tax Year
2025
Standard Status
Active
Board Or Association
Ottawa Real Estate Board
Heat Type
Gas Forced Air Closed
Cooling Features
Partial
Garage Type
Other
Tax Legal Description
PT LT 202, PL 14 , AS IN N719104 ; OTTAWA/NEPEAN