Tej Thakor Broker of Record / Owner 647-684-1731
For Sale
MLS®# X13764372

511 Bank Street, Ottawa Centre, ON K2P 1Z5

Ottawa Centre, ON K2P 1Z5

$1,269,000 Est. $5,390/mo · 20% down, 25-yr, 4.09%
32 × 95 ftLot
InvestmentType

About this property

Commercial mixed-use investment property with $150,549 gross rental income and $112,904 NOI, offered at an attractive 8.9cap rate! This property is located in a central and established urban area, surrounded by numerous retail services and commercial activities. Just north of Catherine Street and the Queensway, it is minutes from the downtown core and conveniently located near major employment, recreation and shopping, Parliament Hill, the Rideau Canal, ByWard Market, and active infill development. The main level features a fully fitted restaurant with a dining area of approximately 40 seats, service counter, food preparation area, public washrooms, and access to a full basement. The second level features a two-bedroom apartment with a kitchen and three-piece washroom. Please do not approach restaurant owner or the employees re- this sale.

Property Summary

Property TypeInvestment
Community Name4103 - Ottawa Centre
Land Size32 x 94.75 ft
Annual Property Taxes$29,436.00
Tax Year2026
Parking TypeNone Garage

Building details

Bathrooms / washrooms0
Property typeInvestment

Lot & land

Lot dimensions32 × 95 ft
Lot frontage32 ft
Lot depth95 ft

Interior Features

InclusionsFridge & Stove on the upper level, 1 HWT (rental), AC for the upper level (rental), Furnace, Hood in the restaurant kitchen, dishwasher with the sink in the restaurant kitchen
ExclusionsTenant's belongings, wall AC in the restaurant, 1 HWT, all restaurant equipment (except the hood and dishwasher and sink), grease trapper in the basement, walk-in fridge in the basement, washer and dryer

Building Features

StyleInvestment
Fire ProtectionNo

Heating & Cooling

CoolingPartial
Heating TypeBaseboard

Parking

Parking TypeNone Garage

Taxes & fees

Annual taxes$29,436 (2026)

Listing history

On market sinceSep 10, 2026

Location

Ottawa Centre, ON K2P 1Z5
Listed by EXP REALTY, Brokerage · Listing data sourced from TRREB®, refreshed nightly.
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The trademarks REALTOR®, REALTORS®, MLS®, Multiple Listing Service® and the associated logos are owned or controlled by The Canadian Real Estate Association (CREA). Used under licence. Information deemed reliable but not guaranteed. Tej Thakor is a Broker of Record at Royal LePage Terra Realty.
Call Tej Now 647-684-1731
511 Bank Street, Ottawa Centre, ON K2P 1Z5