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940 Montreal Road Home For Sale Ottawa, Ontario K1K 4E5

1400405

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3600 sqft

$1,500,000

Commercial buildings for sale boasting excellent exposure and location. The property consists of two detached buildings: one currently operating as a pub (owner-operated) and the other leased to a hair salon. Ample on-site parking is available. The property offers excellent accessibility and visibility, situated in an AM10 commercial zone with significant redevelopment potential in the future.Both buildings are well-maintained and up-to-date with building codes. Current rental income is $84,000 per year for the pub (lease renewable or terminable at any time) and $15,600 per year for the salon (lease expiring in November 2025). The pub building measures 2,854 sq ft, while the salon building measures 840 sq ft with an additional unfinished basement for storage. This presents a compelling opportunity to acquire investment real estate. (id:34792)

Property Details

MLS® Number 1400405
Property Type Retail
Neigbourhood Carson Grove
Parking Space Total 10

Building

Constructed Date 1980
Size Interior 3600 Sqft

Land

Acreage No
Size Depth 157 Ft ,9 In
Size Frontage 79 Ft ,5 In
Size Irregular 79.44 Ft X 157.72 Ft (irregular Lot)
Size Total Text 79.44 Ft X 157.72 Ft (irregular Lot)
Zoning Description Am10

https://www.realtor.ca/real-estate/27115551/940-montreal-road-ottawa-carson-grove

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July 02 2024 10:11:50

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