$1,795,000
Available - For Sale
Listing ID: X12065792
508 RIDEAU Stre , Lower Town - Sandy Hill, K1N 5Z6, Ottawa


Mixed commercial/residential freehold property on bustling Rideau Street, near University of Ottawa and various condo developments. The main floor is currently setup as a Chinese restaurant with a fully equipped kitchen and spare natural gas lines for additional gas equipments, complete with a customer seating area and bathroom. The full basement is ideal for storage and includes a 2-piece bathroom and utility rooms. Upstairs is the residential portion where you'll find 3 bedrooms, including one with an ensuite bathroom. Private driveway with up to 4 parking spots at the rear. Come check out this fantastic opportunity for investment or development!
Price $1,795,000
Taxes: $14384.09
Tax Type: Annual
Occupancy: Owner
Address: 508 RIDEAU Stre , Lower Town - Sandy Hill, K1N 5Z6, Ottawa
Postal Code: K1N 5Z6
Province/State: Ottawa
Legal Description: PT LT 39, PL 6 , PART 3, 4 & 5 , 5R8257
Lot Size: 9.85 x 99.00 (Feet)
Directions/Cross Streets: Rideau St. between Augusta St. and Coburg St.
Washroom Type No. of Pieces Level
Washroom Type 1 0
Washroom Type 2 0
Washroom Type 3 0
Washroom Type 4 0
Washroom Type 5 0
Category: Multi-Use
Use: Hospitality/Food Related
Building Percentage: T
Total Area: 1700.00
Total Area Code:  Square Feet
Retail Area Code: Sq Ft
Sprinklers: No
Washrooms: 0
Heat Type: Gas Hot Water
Central Air Conditioning: No
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$
$ /Year
%
$ /Year
$ /Year
$ /Year
Years
%
%
Percent Down:
Down Payment $89,750 $179,500 $269,250 $359,000
First Mortgage $1,705,250 $1,615,500 $1,525,750 $1,436,000
CMHC/GE $68,210 $50,080.5 $42,721 $0
Total Financing $1,773,460 $1,665,580.5 $1,568,471 $1,436,000
Monthly P&I $8,751.7 $8,219.34 $7,740.12 $7,086.4
Expenses $0 $0 $0 $0
Total Payment $8,751.7 $8,219.34 $7,740.12 $7,086.4
Income Required $328,188.92 $308,225.2 $290,254.53 $265,740.01

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

$
%
Years
$4,429
This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RIGHT AT HOME REALTY
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HANIF ARKIAN
Broker
Dir:
416-871-6060
Bus:
416-798-7777
Fax:
905-660-5393
 
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At a Glance:
Type: Com - Commercial Retail
Area: Ottawa
Municipality: Lower Town - Sandy Hill
Neighbourhood: 4003 - Sandy Hill
Style:
Lot Size: 9.85 x 99.00(Feet)
Approximate Age:
Tax: $14,384.09
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
Air Conditioning:
Pool:
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