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Business For Sale · Retail

502 BANK STREET, Ottawa

502 BANK STREET, Ottawa, ON K2P1Z4

$3.8M total

10,010 SF

Asset Class

Retail

Size

10,010 SF

Building class

C

Zoning

CNC — Neighbourhood Commercial

$ / SF

$375

Occupancy

95%

About this property

Exceptional opportunity to acquire a well-established income property. Located on the vibrant corner of Bank Street and Arlington Ave, this offering includes 502-510 Bank Street and 5 Arlington Avenue, comprising 9 income-generating units: 5 commercial storefronts and 4 residential apartments. The commercial component features a diverse mix of established businesses, including restaurants, retail and a coffee shop, while the residential units consist of two one-bedroom and two bachelor apartments. Ideally situated in a high-visibility, pedestrian-friendly location surrounded by thriving businesses and established residential neighbourhoods. The property has benefited from numerous capital improvements over the years, including roof replacements, resurfaced parking areas and updated mechanical systems. An attractive turnkey investment offering diversified revenue streams in one of Ottawa's most sought-after urban commercial corridors. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$3.75M
Down payment30% · $1.13M
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$17K

Projected NOI

$235K

Annual cash flow

$27K

Cash-on-cash

2.40%

DSCR

1.13

Going-in cap

6.26%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

TenantAreaExpiry
Vector Robotics3,292 SF2029-02
Vector Robotics2,160 SF2029-02
Vector Robotics1,388 SF2029-02
Vector Robotics2,650 SF2029-02

Area demographics

Trade area within 3 miles of the property.

Population

69,262

Households

26,138

Median income

$134,500

Median age

39.7

Daytime population

98,094

5-yr growth

3.8%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 502 BANK STREET, Ottawa.

NDA required

  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.