Development/Investment in Chinatown
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Development/Investment in Chinatown
3 Retail Properties Offered at $3,394,610 USD in Ottawa, ON
Investment Highlights
- Mixed commercial and residential properties
- Net income approx $316,000.00
- Approximately 15 car parking
Executive Summary
Investment/ Development Opportunity. 784 to 792 Somerset St W and 12 and 14 Lebreton St N. Mixed commercial and residential properties: 4 retail spaces (restaurants), 6 Apartments (1-2 bedroom apartment and 5-1 bedroom apartments) and 16 rooms rentals and approx 15 car parking. Lot: 784 to 792 Somerset St 87.66 x 90.94 Feet Irregular, and 12&14 Lebreton St 86.50 x 156.06 Feet Irregular, total lot area 18871 Sq Ft.The two lots from Somerset St and Lebreton St joins at the back.The total gross income is approx $396,000.00, the total expenses approx $80,000.00, the net income approx $316,000.00. Vendor may take back 1st mortgage with approx 15-20% down payment, terms to be negotiated. https://youtu.be/1oaXZp7N3II
Property Facts
| Price | $3,394,610 USD | Status | Active |
| Price / SF | $325.97 USD / SF | Number of Properties | 3 |
| Sale Conditions | Redevelopment Project | Individually For Sale | 0 |
| Cap Rate | 6.45% | Total Building Size | 10,414 SF |
| Sale Type | Investment | Total Land Area | 0.27 AC |
| Price | $3,394,610 USD |
| Price / SF | $325.97 USD / SF |
| Sale Conditions | Redevelopment Project |
| Cap Rate | 6.45% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 10,414 SF |
| Total Land Area | 0.27 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 788-792 Somerset St, Ottawa, ON K1R 6R1 | Retail | 4,620 SF | 1960 | - |
| 14 Lebreton St, Ottawa, ON K1R 6R1 | Retail | 2,666 SF | - | - |
| 12 Lebreton St, Ottawa, ON K1R 7H2 | Retail | 3,128 SF | 1900 | - |
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Development/Investment in Chinatown
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