244-246 Laurier Avenue

FOR SALE
$2,399,900
244-246 Laurier Avenue, Lower Town - Sandy Hill
244-246 Laurier Avenue
244-246 Laurier Avenue
244-246 Laurier Avenue
244-246 Laurier Avenue
244-246 Laurier Avenue
244-246 Laurier Avenue
244-246 Laurier Avenue
244-246 Laurier Avenue
244-246 Laurier Avenue
244-246 Laurier Avenue
244-246 Laurier Avenue
244-246 Laurier Avenue
244-246 Laurier Avenue
244-246 Laurier Avenue
244-246 Laurier Avenue
244-246 Laurier Avenue
244-246 Laurier Avenue
244-246 Laurier Avenue
244-246 Laurier Avenue
Store W Apt/Office
CATEGORY
4,706 Sq Ft
TOTAL AREA
X12453921
MLSID
Contact Us
Property Description
BEST VALUE IN OTTAWA, BUY A WHOLE BUILDING AND MAKE TONS OF MONEY WITH THIS CASH COW! Perfect opportunity to Owner-Occupy in one of Ottawas premier rental markets - Sandy Hill. This cornerstone opportunity can be the one that carries your entire portfolio, because the owner is able to offer a favourable VTB for qualified borrowers. With 20% down you can CASHFLOW OVER TEN THOUSAND DOLLARS/MONTH from day 1! Even better now because included is the sale of the business that NETs over 100k per year (VALUE of $300k +) This standalone building offers the main floor and basement restaurant / bar with over 3100 sq ft, as well as two 2-bedroom units totalling approx. 1560 sq ft. on the upper floors. NOI approx. 161k, which is a 6.7% CAP rate, which is almost impossible to beat in this area right now. Parking for up to 4 vehicles. Situated close to the Rideau Centre, U of O, Adawe Bridge, Access to 417, 48 hours notice for all showings, and 48 hours notice for all offers.
Property Details
Address
244-246 Laurier Avenue
Postal Code
K1N 6P4
Property Type
Store W Apt/Office, Store W Apt/Office
Use
Store With Apt/Office
Zoning
R4S[480], LC1[2262]
Lot Size
62' x 71'
Total Area
4,706 Sq Ft
Office Area
1,560 Sq Ft
Retail Area
1,596 Sq Ft
Acreage
4,402.0 Feet
Taxes
$22,206 (2025
Heat Type
Gas Forced Air Open
Water
Municipal
Garage Type
None
Listing contracted with Re/Max Hallmark Realty Group
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