For sale

1240 Bank Street

$1,800,000
Ottawa, Ontario, K1S 3Y3

Overview

  • Updated On:
  • July 01 2025
  • MLS® Number
  • X12254438
  • 2 Bathrooms

Description

Classic red brick storefront in a busy, vibrant section of Bank Street in Old Ottawa South. Close to 4000 sq' over 2 above grade floors, plus a full height basement also used for retail display. Approximately 9" ceiling height on main floor and 2nd floors, and 8" in basement. The entire space is owner occupied by.This is a well established downtown community just south of The Glebe and Lansdowne Park and just north of Billings Bridge, very close to the Transitway. While the streetscape is well established, it is also poised for major redevelopment, with several adjacent large land parcels showing exceptional potential. This property is ideal with it's current use, but could be redeveloped on its' own. There is a laneway off the side street (Chesley) for access to the back of the property for loading and parking. The laneway is fully fenced and enclosed in the back of the property and is currently used exclusively for an extra 10' in depth. Clean Environmental Phase 1 and 2 recently done (2023). Large open interior spaces. Has 2 electric services, one of which is 600 volts. Commercially rewired in the past. A number of building modifications and improvements were done when previously owned by Cohen's. (id:57887)

Price:
Price Info:
Property Size: 3800 sqft
Property Type: Retail
Neighbourhood: Old Ottawa South
Cooling & Heating
Natural gas
Other
Fully air conditioned
$ 9,228.96
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 6,978.96
Bathroom
BathroomTotal: 2
Size
SizeExterior: 3800 sqft
SizeInterior: 3800 sqft
Utility
UtilityWater: Municipal water
Acreage: No
SizeDepth: 89 Ft ,10 In
SizeFrontage: 39 Ft ,8 In
SizeIrregular: Bldg=39.67 X 89.89 Ft ; 0
SizeTotalText: Bldg=39.67 X 89.89 Ft ; 0
ZoningDescription: Tm2
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