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$ 2,549,000
Est. payment /mo
Price Dropped by $200K
111 YORK ST Lower Town - Sandy Hill, ON K1N 8Y3
3,414 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 3,414 sqft
Price per Sqft $746
Subdivision 4001 - Lower Town/Byward Market
MLS Listing ID X12105210
Annual Tax Amount $15,777
Tax Year 2024
Property Sub-Type Office
Lot Depth 99.0
Lot Front 24.65
Property Description
Welcome to 111 York Street a true gem in Ottawa's iconic Byward Market. Exceptional turn-key investment property that will impress anyone looking to add to their portfolio. This mixed-use building offers the perfect blend of commercial and residential, with high foot traffic, great visibility, and multiple income streams. Projected 4.7% cap rate with NOI of $118,623.The main floor retail unit is currently leased to a popular cafe generating $4,100/month in gross rent. Above the retail, discover the crown jewel: a spacious 2-storey loft-style unit with 2,139 sq. ft. Fully furnished and operating as a successful short-term rental, the unit includes 3 bedrooms and 2.5 bathrooms, offering the flexibility to be used as a residence, office space, or continued Airbnb income property. An experienced property manager is in place and ready to continue managing the short-term rental, making this a truly turn-key investment. Main floor retail has approximately 1,275 sq. ft. of usable space, plus an additional office and storage area in the basement. This space is well-equipped for a variety of food and beverage concepts. Featuring ample seating and standing areas, a large patio overlooking green space, fully built-out leasehold improvements, and a prime location steps from the Rideau Centre, University of Ottawa, government offices, and dense residential zones, the possibilities are endless. The building also comes with a large parking lot (approx 24' x 40') behind the building that could be used for further development and expansion. Whether you're an investor looking for a stable asset in a premier location, or a startup entrepreneur seeking a dynamic live/work space, 111 York Street delivers the rare combination of location, versatility, and character.
Location
Province ON
County Ottawa
Community 4001 - Lower Town/Byward Market
Area Ottawa
Zoning Md2574Mixeduse
Interior
Cooling Yes
Inclusions Furniture in loft unit negotiable.
Exterior
Community Features Public Transit
Utilities Available Yes
Lot Frontage 24.65
Lot Depth 99.0
Others
Security Features No
Virtual Tour https://my.matterport.com/show/?m=sBYGnSpgnKP&brand=0&mls=1&
Listed by ROYAL LEPAGE SIGNATURE REALTY
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