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!
Address
508 Rideau Street
List Price
$1,795,000
MLS® Status
New
Expiration Date
2026-04-21
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
2-Storey
Transaction Type
Sale
Area
Lower Town - Sandy Hill
Sub-Area
4003 - Sandy Hill
Region
Ottawa
Bedrooms
3
Bedrooms (Total)
3
Rooms Above Grade
9
Rooms (Total)
9
Bathrooms
3
Floor Area
1500-2000 Sq. Ft.
Lot Depth
99
Lot Size Units
Feet
Lot Width
32.31
Parcel Number
042120009
Occupant Type
Owner
Cross Street
Rideau St. between Augusta St. and Coburg St.
Frontage Length
9.85
MLS® Number
X12473901
Listing Brokerage
RIGHT AT HOME REALTY
Basement Area
Full, Unfinished
Postal Code
K1N 5Z6
Posession Details
Flexible
Parking Places (Total)
4
Tax Amount
$14,384.09
Tax Year
2024
Site Influences
Park, Public Transit
Interior Features
Water Heater Owned, Storage
Property Features
Public Transit, Park
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Ottawa Real Estate Board
Heat Source
Gas
Heat Type
Water
Cooling Features
Window Unit(s)
Construction Materials
Brick
Direction Faces
North
Fireplace
No
Foundation Details
Stone
Garage
No
Garage Type
None
Kitchens Total
2
Kitchens Above Grade
2
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
PT LT 39, PL 6 , PART 3, 4 & 5 , 5R8257 , S/S RIDEAU ST ; S/T NS254030 OTTAWA/NEPEAN SUBJECT TO A RIGHT-OF-WAY IN FAVOUR OF THE OWNERS OF PARTS 1 & 2 ON PLAN 5R8257 OVER PART 3 ON PLAN 5R8257 AS IN N307561.
Waterfront
No
Sewer
Sewer